Traders Buy Large Volume of Archer Daniels Midland Call Options (NYSE:ADM)

Archer Daniels Midland Company (NYSE:ADM) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 34,676 call options on the company. Thisisanincreaseof576% compared to the typical daily volume of 5,128 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADM shares. Morgan Stanley raised their price target on shares of 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. Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. UBS Group reaffirmed a “buy” rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.50.

Archer Daniels Midland Stock Up 1.2%

Shares of NYSE ADM opened at $60.6890 on Thursday. The company has a 50 day simple moving average of $55.22 and a 200-day simple moving average of $50.05. The company has a market capitalization of $29.16 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland has a 1 year low of $40.98 and a 1 year high of $62.61.

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

Archer Daniels Midland Announces Dividend

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

Institutional Trading of Archer Daniels Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $32,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer Daniels Midland

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.