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| Top Buys by Top Brass: Senior Vice President D's $103.3K Bet on ADMBy Dividend Channel Staff, Tuesday, August 14, 12:18 PM ET
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 $103.3K by Ambrose Michael D, Senior Vice President at Archer Daniels Midland Co. (NYSE:ADM). D bets big on ADM:
D's average cost works out to $25.82/share. In trading on Tuesday, bargain hunters could buy shares of Archer Daniels Midland Co. (NYSE:ADM) and achieve a cost basis lower than D, with shares changing hands as low as $25.63 per share. Shares of Archer Daniels Midland Co. were changing hands at $25.89 at last check, trading up about 0.5% on Tuesday. 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 $23.69 per share, with $33.98 as the 52 week high point — that compares with a last trade of $25.89. The current annualized dividend paid by Archer Daniels Midland Co. is $0.70/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/14/2012. 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. 2.7% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, ADM makes up 4.50% of the Agribusiness ETF (AMEX:MOO) which is trading higher by about 0.6% on the day Tuesday. See what other ETFs contain ADM » Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .
Find the right mix of model portfolios today at PortfolioChannel.com
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One Reason For Insiders to Buy
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