Archer Daniels Midland (NYSE:ADM) Reaches New 52-Week High – What’s Next?

Archer Daniels Midland Company (NYSE:ADM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.22 and last traded at $64.9250, with a volume of 698497 shares traded. The stock had previously closed at $63.38.

Wall Street Analyst Weigh In

ADM has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland presently has an average rating of “Reduce” and a consensus target price of $54.38.

Archer Daniels Midland Stock Up 2.6%

The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $58.92 and a 200-day simple moving average of $59.16. The firm has a market cap of $31.24 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 4.33 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Institutional Investors Weigh In On Archer Daniels Midland

Institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland in the second quarter valued at about $25,000. Trust Co. of Vermont raised its stake in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Archer Daniels Midland by 313.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 386 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $32,000. Finally, Hager Investment Management Services LLC raised its position in shares of Archer Daniels Midland by 113.6% during the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after buying an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.