Archer Daniels Midland (NYSE:ADM) Reaches New 12-Month High – Here’s Why

Shares of Archer Daniels Midland Company (NYSE:ADM) hit a new 52-week high on Wednesday . The stock traded as high as $65.22 and last traded at $64.9250, with a volume of 698497 shares trading hands. The stock had previously closed at $63.38.

Analyst Ratings Changes

Several brokerages recently commented on ADM. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Zacks Research lowered Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 price target (down previously from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. 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, four have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $54.38.

Archer Daniels Midland Trading Up 2.6%

The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $58.92 and its 200 day moving average price is $59.16. The stock has a market cap of $31.24 billion, a P/E ratio of 26.50, a PEG ratio of 4.33 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The company had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same period last year, the company posted $1.09 EPS. Archer Daniels Midland’s revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

Institutional Trading of Archer Daniels Midland

Several institutional investors have recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $25,000. Trust Co. of Vermont boosted its stake in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Archer Daniels Midland by 313.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 386 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland in the second quarter worth $32,000. Finally, Hager Investment Management Services LLC lifted its holdings in shares of Archer Daniels Midland by 113.6% during the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after purchasing an additional 284 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.