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

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday. Barclays boosted their price target on shares of Archer Daniels Midland from $61.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Finally, Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $57.00 to $50.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $58.57.

Archer Daniels Midland Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. The company has a 50-day simple moving average of $68.38 and a 200-day simple moving average of $63.02. The stock has a market cap of $35.41 billion, a PE ratio of 33.12, a PEG ratio of 0.90 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The business’s revenue was down 13.7% on a year-over-year basis. During the same period 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. Sell-side analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given 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 2.8%. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.69%.

Insider Activity at Archer Daniels Midland

In related news, Director David R. Mcatee II purchased 7,500 shares of Archer Daniels Midland stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director owned 7,500 shares in the company, valued at approximately $486,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jennifer L. Weber sold 25,000 shares of the business’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 value of $1,676,000.00. Following 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 SEC filing for this sale provides additional information. Insiders have sold a total of 109,106 shares of company stock valued at $7,539,602 in the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ADM. Quadrant Capital Group LLC grew its stake in Archer Daniels Midland by 0.6% in the 4th quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after acquiring an additional 146 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in Archer Daniels Midland by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after acquiring an additional 153 shares during the last quarter. Summit Financial LLC lifted its holdings in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock valued at $974,000 after purchasing an additional 153 shares in the last quarter. Brookstone Capital Management grew its position in shares of Archer Daniels Midland by 4.5% in the fourth quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after purchasing an additional 154 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its position in shares of Archer Daniels Midland by 2.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock valued at $370,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other 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.