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

Archer Daniels Midland Company (NYSE:ADM) reached a new 52-week high during trading on Friday . The company traded as high as $73.83 and last traded at $73.0460, with a volume of 586282 shares traded. The stock had previously closed at $72.33.

Analysts Set New Price Targets

ADM has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Barclays upped their price objective on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their target price on Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 24th. Finally, UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $58.57.

Archer Daniels Midland Stock Down 0.2%

The stock has a market capitalization of $34.72 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.88 and a beta of 0.68. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $68.52 and its 200 day simple moving average is $63.10.

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

Archer Daniels Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, February 17th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 2.9%. Archer Daniels Midland’s payout ratio is currently 93.69%.

Insider Transactions at Archer Daniels Midland

In related news, SVP Jennifer L. Weber sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $67.04, for a total transaction of $1,676,000.00. Following the sale, the senior vice president directly owned 123,668 shares of the company’s stock, valued at approximately $8,290,702.72. This represents a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 109,106 shares of company stock worth $7,539,602. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Archer Daniels Midland

A number of institutional investors and hedge funds have recently modified their holdings of ADM. Woodline Partners LP raised its stake in Archer Daniels Midland by 40.8% during the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares during the period. Coldstream Capital Management Inc. boosted its stake in Archer Daniels Midland by 14.0% in the second quarter. Coldstream Capital Management Inc. now owns 6,524 shares of the company’s stock valued at $344,000 after acquiring an additional 800 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Archer Daniels Midland by 42.0% during the second quarter. Advisors Asset Management Inc. now owns 42,935 shares of the company’s stock valued at $2,266,000 after purchasing an additional 12,709 shares during the last quarter. Choreo LLC raised its position in shares of Archer Daniels Midland by 20.0% during the 2nd quarter. Choreo LLC now owns 11,893 shares of the company’s stock worth $628,000 after purchasing an additional 1,979 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Archer Daniels Midland by 60.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 22,888 shares of the company’s stock worth $1,208,000 after purchasing an additional 8,654 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

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.