Archer Daniels Midland (NYSE:ADM) Sets New 52-Week High – Here’s What Happened

Archer Daniels Midland Company (NYSE:ADM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.80 and last traded at $69.2940, with a volume of 403851 shares. The stock had previously closed at $68.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. lifted their price target on shares of Archer Daniels Midland from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Zacks Research raised Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $57.00.

Archer Daniels Midland Trading Up 1.3%

The company has a market cap of $33.41 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 0.90 and a beta of 0.71. The business has a fifty day simple moving average of $62.18 and a 200 day simple moving average of $60.88. The company has a quick ratio of 0.92, a current ratio of 11.20 and a debt-to-equity ratio of 0.33.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The business had revenue of $18.56 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was down 13.7% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 3.0%. Archer Daniels Midland’s payout ratio is presently 91.89%.

Insider Transactions at Archer Daniels Midland

In other Archer Daniels Midland news, Director David R. Mcatee II acquired 7,500 shares of Archer Daniels Midland stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the completion of the transaction, the director owned 7,500 shares in the company, valued at approximately $486,750. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Trading of Archer Daniels Midland

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after purchasing an additional 536,265 shares during the last quarter. State Street Corp grew its stake in Archer Daniels Midland by 0.7% in the 2nd quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after buying an additional 223,716 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after acquiring an additional 620,794 shares during the period. Dodge & Cox grew its position in Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after purchasing an additional 8,518,920 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock worth $723,175,000 after purchasing an additional 109,556 shares during the period. 78.28% of the stock is currently owned by institutional investors.

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.