Archer Daniels Midland (NYSE:ADM) Reaches New 52-Week High Following Earnings Beat

Archer Daniels Midland Company (NYSE:ADM)’s share price reached a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $77.37 and last traded at $76.3550, with a volume of 4941509 shares changing hands. The stock had previously closed at $74.94.

The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is presently 93.69%.

Wall Street Analyst Weigh In

ADM has been the topic of several recent research reports. BMO Capital Markets reiterated a “market perform” rating and set a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Jefferies Financial Group increased their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. increased their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday. Barclays lifted their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and a consensus price target of $67.43.

Insider Buying and Selling

In related news, SVP Jennifer L. Weber sold 25,000 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total value of $1,676,000.00. Following the completion of the sale, the senior vice president directly owned 123,668 shares in the company, valued at $8,290,702.72. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This trade represents a 14.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 109,106 shares of company stock worth $7,539,602 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Archer Daniels Midland

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aviance Capital Partners LLC acquired a new stake in Archer Daniels Midland during the 1st quarter valued at approximately $223,000. California Public Employees Retirement System increased its holdings in shares of Archer Daniels Midland by 9.7% during the 1st quarter. California Public Employees Retirement System now owns 1,025,447 shares of the company’s stock valued at $74,540,000 after purchasing an additional 90,385 shares in the last quarter. Forty three Eighteen Advisors LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $1,070,000. Assetmark Inc. increased its holdings in shares of Archer Daniels Midland by 4.6% during the 1st quarter. Assetmark Inc. now owns 13,359 shares of the company’s stock valued at $971,000 after purchasing an additional 592 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Archer Daniels Midland by 11.9% during the 1st quarter. Bessemer Group Inc. now owns 16,925 shares of the company’s stock valued at $1,231,000 after purchasing an additional 1,799 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

The stock has a market capitalization of $37.60 billion, a PE ratio of 34.99 and a beta of 0.59. The firm’s fifty day moving average price is $70.53 and its two-hundred day moving average price is $64.99. The company has a current ratio of 5.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

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.