Archer Daniels Midland Sees Unusually High Options Volume (NYSE:ADM)

Archer Daniels Midland Company (NYSE:ADM) was the target of some unusual options trading on Tuesday. Stock traders acquired 34,676 call options on the company. Thisrepresentsanincreaseofapproximately576% compared to the average daily volume of 5,128 call options.

Analysts Set New Price Targets

ADM has been the subject of a number of recent research reports. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley lifted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group restated a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and cut their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.71.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC lifted its holdings in Archer Daniels Midland by 5.3% in the second quarter. Anchor Investment Management LLC now owns 46,895 shares of the company’s stock valued at $2,475,000 after acquiring an additional 2,345 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Archer Daniels Midland by 44.4% in the second quarter. Geneos Wealth Management Inc. now owns 3,472 shares of the company’s stock valued at $183,000 after acquiring an additional 1,067 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Archer Daniels Midland in the second quarter valued at approximately $73,000. MUFG Securities EMEA plc acquired a new position in Archer Daniels Midland in the second quarter valued at approximately $74,000. Finally, State of Tennessee Department of Treasury lifted its holdings in Archer Daniels Midland by 62.2% in the second quarter. State of Tennessee Department of Treasury now owns 105,882 shares of the company’s stock valued at $5,588,000 after acquiring an additional 40,597 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Price Performance

NYSE:ADM opened at $59.9410 on Wednesday. Archer Daniels Midland has a 12 month low of $40.98 and a 12 month high of $62.61. The stock has a 50 day moving average of $54.98 and a two-hundred day moving average of $49.98. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market cap of $28.80 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $21.56 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is currently 89.87%.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.