The price of Archer Daniels Midland Co (NYSE:ADM) shares last traded on Wall Street fell -1.45% to $52.49.
ADM stock price is now -9.86% away from the 50-day moving average and -11.48% away from the 200-day moving average. The market capitalization of the company currently stands at $25.10B.
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With the price target of $57, Citigroup recently initiated with Neutral rating for Archer Daniels Midland Co (NYSE: ADM). , while ‘Stifel’ rates the stock as ‘Hold’
In other news, LUCIANO JUAN R, President & CEO sold 170,194 shares of the company’s stock on Sep 03 ’24. The stock was sold for $10,298,813 at an average price of $60.51. Upon completion of the transaction, the President & CEO now directly owns 265,210 shares in the company, valued at $13.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, President & CEO LUCIANO JUAN R sold 45,471 shares of the business’s stock. A total of $2,773,917 was realized by selling the stock at an average price of $61.00. This leaves the insider owning 265,210 shares of the company worth $13.92 million. A total of 0.67% of the company’s stock is owned by insiders.
During the past 12 months, Archer Daniels Midland Co has had a low of $48.92 and a high of $77.35. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.44, and a quick ratio of 0.88. The fifty day moving average price for ADM is $58.4008 and a two-hundred day moving average price translates $59.3005 for the stock.
The latest earnings results from Archer Daniels Midland Co (NYSE: ADM) was released for 2024-06-30. The net profit margin was 2.93% and return on equity was 11.05% for ADM. The company reported revenue of $22.25 billion for the quarter, compared to $25.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.68 percent. For the current quarter, analysts expect ADM to generate $23.29B in revenue.
