Archer Daniels Midland (NYSE:ADM) Reaches New 1-Year High – Here’s What Happened

Archer Daniels Midland Company (NYSE:ADM) reached a new 52-week high on Thursday . The company traded as high as $87.67 and last traded at $87.4450, with a volume of 3699004 shares traded. The stock had previously closed at $86.20.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADM shares. Morgan Stanley lifted their price objective on Archer Daniels Midland from $58.00 to $60.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Jefferies Financial Group raised their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Friday, July 17th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Barclays raised their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $75.67.

Archer Daniels Midland Price Performance

The company’s 50-day simple moving average is $79.85 and its 200 day simple moving average is $73.16. 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 stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 38.56 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post 4.76 EPS for the current year.

Archer Daniels Midland Announces Dividend

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

Hedge Funds Weigh In On Archer Daniels Midland

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Archer Daniels Midland during the 4th quarter worth $402,743,000. Northwestern Mutual Wealth Management Co. lifted its position in Archer Daniels Midland by 3,379.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock worth $316,525,000 after acquiring an additional 5,595,801 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Archer Daniels Midland by 831.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after acquiring an additional 4,991,550 shares during the period. Dodge & Cox grew its position in shares of Archer Daniels Midland by 13.4% in the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after purchasing an additional 2,016,101 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Archer Daniels Midland by 176.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock valued at $117,537,000 after purchasing an additional 1,256,596 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

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.