Top Buys by Top Brass: Chief Financial Officer Young's $115.7K Bet on ADM

Feb 5 2014, 1:52pm CST | by

A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ”top brass” over the trailing six month period, one of which was a total of $115.7K by Ray G. Young, Chief Financial Officer at Archer Daniels Midland Co. (NYSE: ADM).

Click here to find out which other top insider buys by the ”top brass” you need to know about »

Young bets big on ADM:

Purchased Insider Title Shares Price/Share Value
02/05/2014 Ray G. Young Chief Financial Officer 3,000 $38.57 $115,707.00

Young’s average cost works out to $38.57/share. In trading on Wednesday, bargain hunters could buy shares of Archer Daniels Midland Co. (NYSE: ADM) and achieve a cost basis lower than Young, with shares changing hands as low as $37.92 per share. Shares of Archer Daniels Midland Co. were changing hands at $38.77 at last check, trading up about 1.4% on Wednesday. The chart below shows the one year performance of ADM shares, versus its 200 day moving average:

Looking at the chart above, ADM’s low point in its 52 week range is $29.27 per share, with $43.99 as the 52 week high point — that compares with a last trade of $38.77.

The current annualized dividend paid by Archer Daniels Midland Co. is $0.96/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 02/18/2014. Below is a long-term dividend history chart for ADM, which can be of good help in judging whether the most recent dividend with approx. 2.5% annualized yield is likely to continue.

According to the ETF Finder at ETFChannel.com, ADM makes up 8.08% of the Global Agriculture Portfolio ETF (NASD: PAGG) which is trading lower by about 0.4% on the day Wednesday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.

Source: Forbes Business

/>/>
 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.
 
 
18th Saarc Summit concludes with one pact, several understandings
Kathmandu, Nov 27 (IANS) The 18th South Asian Association for Regional Cooperation (Saarc) Summit concluded in Kathmandu Thursday with the adoption of a 36-point Kathmandu Declaration.
 
 
British supermarkets sold contaminated chicken
London, Nov 27 (IANS) Eight of the every 10 fresh chickens bought from British supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said.
 
 
SJVNL signs pact with Nepal for hydro-power plant
Kathmandu, Nov 27 (IANS) Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project in eastern Nepal, officials said Thursday.
 
 
 

Latest from the Network

OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level. The decision to...
Read more on Business Balla
 
12 killed in bus accident in Egypt
Cairo, Nov 28 (IANS) At least 12 people were killed and three others injured Thursday as a passenger bus overturned into a canal in Egypt's Beni Sweif province, around 120 km south of the capital Cairo, media reported...
Read more on Politics Balla
 
Explosions, gun fire rock Kabul diplomatic enclave
Kabul, Nov 27 (IANS) Two explosions followed by gunfire rocked the diplomatic enclave here Thursday night, a security officer said. The area of the blast is close to the Tajikistan embassy. The incident occurred in...
Read more on Politics Balla
 
Saarc leaders' wives ladies go sight-seeing at Bhaktapur
Kathmandu, Nov 27 (IANS) While the Saarc leaders conferred on regional matters at the tourist resort of Dhulikhel, their wives drove to the World Heritage Site of Bhaktapur to enjoy the sights of the ancient city. The...
Read more on Politics Balla
 
Maria Shriver 'disgusted' by Miley Cyrus's party
Patrick Schwarzenegger's mother was ''disgusted'' by Miley Cyrus's birthday celebrations. Maria Shriver - who, along with Arnold Schwarzenegger, are the parents of the 21-year-old actor - is reportedly ''very worried''...
Read more on Celebrity Balla
 
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian West and Kanye West want to do a nude photoshoot together. The couple are reportedly keen to pose naked alongside each other, after the 34-year-old 'Keeping Up With The Kardashians' star recently stripped...
Read more on Celebrity Balla
 
Robert Pattinson put on diet by FKA twigs
FKA twigs has put Robert Pattinson on a diet. The 'Two Weeks' hitmaker - who has been dating the 'Twilight' star since summer - is reportedly so unimpressed with her boyfriend's poor fitness levels that she decided to...
Read more on Celebrity Balla
 
Cate Blanchett 'proud' of Emma Watson
Cate Blanchett is proud of Emma Watson. The 'Blue Jasmine' star has praised the 'Harry Potter' actress for her speech on gender equality for the United Nations (UN) in September this year. Speaking to Porter magazine,...
Read more on Celebrity Balla