Archer Daniels Midland (NYSE:ADM) Sets New 12-Month High – Still a Buy?
by Danessa Lincoln · The Markets DailyArcher Daniels Midland Company (NYSE:ADM – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $88.75 and last traded at $87.8630, with a volume of 243150 shares traded. The stock had previously closed at $86.55.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. UBS Group boosted 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 note on Monday, June 15th. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $79.67.
Get Our Latest Stock Report on Archer Daniels Midland
Archer Daniels Midland Stock Down 0.4%
The company has a market cap of $41.72 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The stock has a 50-day simple moving average of $81.89 and a 200-day simple moving average of $76.91. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts predict that Archer Daniels Midland Company will post 5.46 EPS for the current year.
Archer Daniels Midland Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 annualized dividend and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 56.99%.
Institutional Trading of Archer Daniels Midland
A number of institutional investors have recently made changes to their positions in the stock. Kelleher Financial Advisors bought a new stake in Archer Daniels Midland during the second quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in Archer Daniels Midland in the second quarter worth approximately $27,000. Global Trust Asset Management LLC bought a new position in Archer Daniels Midland during the 1st quarter valued at $29,000. OP Asset Management Ltd acquired a new position in shares of Archer Daniels Midland during the 1st quarter valued at $30,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland during the 4th quarter valued at $26,000. 78.28% of the stock is owned by institutional investors and hedge funds.
Archer Daniels Midland Company Profile
Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.
The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.
ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.