In last trading session, Archer Daniels Midland Co. (NYSE:ADM) saw 4.43 million shares changing hands with its beta currently measuring 0.77. Company’s recent per share price level of $62.00 trading at -$0.47 or -0.75% at ring of the bell on the day assigns it a market valuation of $31.61B. That closing price of ADM’s stock is at a discount of -40.81% from its 52-week high price of $87.30 and is indicating a premium of 18.19% from its 52-week low price of $50.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.34 million shares which gives us an average trading volume of 6.54 million if we extend that period to 3-months.
Archer Daniels Midland Co. (NYSE:ADM) trade information
Upright in the red during last session for losing -0.75%, in the last five days ADM remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $62.00 price level, adding 1.73% to its value on the day. Archer Daniels Midland Co.’s shares saw a change of -14.15% in year-to-date performance and have moved 4.54% in past 5-day. Archer Daniels Midland Co. (NYSE:ADM) showed a performance of 15.46% in past 30-days. Number of shares sold short was 6.99 million shares which calculate 1.32 days to cover the short interests.
Archer Daniels Midland Co. (ADM) estimates and forecasts
Statistics highlight that Archer Daniels Midland Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -21.40% of value to its shares in past 6 months, showing an annual growth rate of -20.06% while that of industry is 21.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -34.00% in the current quarter and calculating -26.50% decrease in the next quarter. This year revenue growth is estimated to fall -3.20% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $22.23 billion for the same. And 9 analysts are in estimates of company making revenue of $23.5 billion in the next quarter that will end on Jun 2024. Company posted $24.07 billion and $25.19 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -7.70% while estimating it to be -6.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.02% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -17.85% while estimates for its earnings growth in next 5 years are of -1.40%.
ADM Dividends
Archer Daniels Midland Co. is more likely to be releasing its next quarterly report between April 23 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Archer Daniels Midland Co. (NYSE:ADM)’s Major holders
Insiders are in possession of 0.86% of company’s total shares while institution are holding 82.63 percent of that, with stock having share float percentage of 83.34%. Investors also watch the number of corporate investors in a company very closely, which is 82.63% institutions for Archer Daniels Midland Co. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at ADM for having 60.51 million shares of worth $3.75 billion. And as of Dec 30, 2023, it was holding 11.87% of the company’s outstanding shares.
The second largest institutional holder is State Farm Mutual Automobile Insurance Co, which was holding about 46.8 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.18% of outstanding shares, having a total worth of $2.9 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 16.75 million shares of worth $1.04 billion or 3.28% of the total outstanding shares. The later fund manager was in possession of 13.03 million shares on Dec 30, 2023, making its stake of worth around $807.77 million in the company or a holder of 2.56% of company’s stock.
