Archer Daniels Midland (NYSE:ADM) Hits New 1-Year High Following Analyst Upgrade

Shares of Archer Daniels Midland Company (NYSE:ADM) hit a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $59.00 to $60.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Archer Daniels Midland traded as high as $67.25 and last traded at $67.22, with a volume of 1626064 shares. The stock had previously closed at $65.88.

A number of other research firms also recently weighed in on ADM. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $54.50.

Institutional Investors Weigh In On Archer Daniels Midland

Large investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at about $25,000. Toth Financial Advisory Corp bought a new position in Archer Daniels Midland during the fourth quarter valued at approximately $25,000. Trust Co. of Vermont boosted its holdings in Archer Daniels Midland by 367.0% in the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in Archer Daniels Midland during the 2nd quarter valued at $32,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Price Performance

The stock has a market capitalization of $32.54 billion, a P/E ratio of 27.64, a PEG ratio of 4.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. The firm has a fifty day moving average price of $60.00 and a two-hundred day moving average price of $59.60.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $20.37 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is currently 83.27%.

About Archer Daniels Midland

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.