Archer Daniels Midland (NYSE:ADM) Sets New 52-Week High – Still a Buy?

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Friday, July 17th. Barclays upped their price target 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, May 6th. JPMorgan Chase & Co. upped their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, UBS Group increased their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $75.67.

Archer Daniels Midland Price Performance

The firm has a market cap of $42.14 billion, a PE ratio of 39.21 and a beta of 0.62. The stock has a 50 day simple moving average of $79.64 and a two-hundred day simple moving average of $72.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The company had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. During the same quarter last year, the business earned $0.70 earnings per share. The firm’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. Sell-side analysts expect that Archer Daniels Midland Company will post 4.76 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

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

Hedge Funds Weigh In On Archer Daniels Midland

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after acquiring an additional 146 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Archer Daniels Midland by 5.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after purchasing an additional 153 shares in the last quarter. Summit Financial LLC increased its holdings in Archer Daniels Midland by 0.9% during the 4th quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after purchasing an additional 153 shares during the last quarter. Brookstone Capital Management raised its position in shares of Archer Daniels Midland by 4.5% in the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after purchasing an additional 154 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Archer Daniels Midland by 2.6% in the 4th 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 in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

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.