Archer Daniels Midland (NYSE:ADM) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Archer Daniels Midland Company (NYSE:ADM) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $76.31 and traded as low as $75.94. Archer Daniels Midland shares last traded at $76.2630, with a volume of 2,136,719 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens boosted their target price on Archer Daniels Midland from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. Barclays raised their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lifted their price objective on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.75.

Archer Daniels Midland Price Performance

The stock has a 50-day simple moving average of $81.87 and a 200 day simple moving average of $76.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The company has a market cap of $37.10 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.30 and a beta of 0.64.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The business had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. Archer Daniels Midland’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 5.52 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $3,409,089,000. Bank of New York Mellon Corp acquired a new stake in Archer Daniels Midland in the second quarter valued at approximately $257,394,000. Legal & General Group Plc bought a new stake in Archer Daniels Midland during the 2nd quarter worth $198,233,000. Bank of America Corp DE bought a new stake in shares of Archer Daniels Midland during the second quarter worth about $180,096,000. Finally, Deutsche Bank AG acquired a new position in shares of Archer Daniels Midland in the second quarter valued at approximately $178,087,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.