Archer Daniels Midland (NYSE:ADM) Sets New 1-Year High – Time to Buy?

Archer Daniels Midland Company (NYSE:ADMGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $86.00 and last traded at $85.5990, with a volume of 740504 shares changing hands. The stock had previously closed at $83.00.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. 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 research report on Monday, April 6th. Barclays lifted their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. 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 MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $75.33.

Get Our Latest Stock Analysis on ADM

Archer Daniels Midland Stock Performance

The stock has a fifty day moving average price of $79.16 and a 200 day moving average price of $72.07. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 38.34 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADMGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, analysts predict that Archer Daniels Midland Company will post 4.71 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, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is currently 93.27%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Archer Daniels Midland during the fourth quarter worth $402,743,000. Procyon Advisors LLC grew its stake in shares of Archer Daniels Midland by 174.0% in the 4th quarter. Procyon Advisors LLC now owns 39,442 shares of the company’s stock valued at $2,268,000 after purchasing an additional 25,048 shares during the period. Swedbank AB raised its stake in Archer Daniels Midland by 9.2% during the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after acquiring an additional 33,647 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Archer Daniels Midland by 1,542.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 397,444 shares of the company’s stock worth $22,849,000 after buying an additional 373,241 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Archer Daniels Midland by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 70,613 shares of the company’s stock valued at $4,060,000 after purchasing an additional 14,829 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

(Get Free Report)

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.

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