Archer Daniels Midland (NYSE:ADM) Sets New 1-Year High – Here’s Why

Archer Daniels Midland Company (NYSE:ADM)’s share price reached a new 52-week high on Friday . The company traded as high as $86.00 and last traded at $85.5990, with a volume of 740504 shares changing hands. The stock had previously closed at $83.00.

Analyst Ratings Changes

Several research firms have issued reports on ADM. Jefferies Financial Group increased their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. increased their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Barclays raised their target price on Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Reduce” and an average price target of $75.33.

Archer Daniels Midland Trading Up 3.4%

The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $41.38 billion, a P/E ratio of 38.50 and a beta of 0.62. The firm’s 50-day simple moving average is $79.32 and its 200-day simple moving average is $72.17.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Analysts anticipate that Archer Daniels Midland Company will post 4.71 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.4%. Archer Daniels Midland’s payout ratio is 93.27%.

Hedge Funds Weigh In On Archer Daniels Midland

A number of large investors have recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in Archer Daniels Midland during the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Archer Daniels Midland in the first quarter worth approximately $29,000. 78.28% of the stock is owned by hedge funds and other 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.