Archer Daniels Midland (NYSE:ADM) Sets New 12-Month High – Should You Buy?

Shares of Archer Daniels Midland Company (NYSE:ADM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $88.75 and last traded at $87.8630, with a volume of 243150 shares traded. The stock had previously closed at $86.55.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADM shares. Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Barclays lifted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

The stock has a market cap of $41.94 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $81.49 and a 200 day simple moving average of $76.71.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio is currently 56.99%.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds have recently bought and sold shares of ADM. Kelleher Financial Advisors bought a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new position in Archer Daniels Midland during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in Archer Daniels Midland during the second quarter worth $27,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland in the 4th quarter valued at $28,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Archer Daniels Midland in the 4th quarter valued at $29,000. 78.28% of the stock is owned by institutional investors.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.