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

Archer Daniels Midland Company (NYSE:ADM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.87 and last traded at $81.4590, with a volume of 2487895 shares trading hands. The stock had previously closed at $79.84.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Morgan Stanley boosted their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Barclays boosted their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $74.50.

Archer Daniels Midland Trading Up 1.2%

The business has a 50 day moving average of $71.18 and a two-hundred day moving average of $65.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The firm has a market capitalization of $38.93 billion, a price-to-earnings ratio of 36.22 and a beta of 0.59.

Archer Daniels Midland (NYSE:ADM) last posted 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. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter 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. Equities analysts predict that Archer Daniels Midland Company will post 4.43 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio is 93.27%.

Insider Buying and Selling

In other news, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the sale, the senior vice president directly owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This represents a 14.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer L. Weber sold 25,000 shares of the 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 completion of the sale, the senior vice president directly owned 123,668 shares of the company’s stock, valued at approximately $8,290,702.72. This trade represents a 16.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 109,106 shares of company stock valued at $7,539,602. 0.60% of the stock is owned by company insiders.

Institutional Trading of Archer Daniels Midland

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in shares of Archer Daniels Midland by 0.6% in the fourth 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 in the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after acquiring an additional 153 shares in the last quarter. Summit Financial LLC grew 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 acquiring an additional 153 shares in the last quarter. Brookstone Capital Management grew its holdings 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 acquiring an additional 154 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings 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 acquiring an additional 161 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.