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

Archer Daniels Midland Company (NYSE:ADMGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $68.43 and last traded at $68.0290, with a volume of 283820 shares changing hands. The stock had previously closed at $67.37.

Key Stories Impacting Archer Daniels Midland

Here are the key news stories impacting Archer Daniels Midland this week:

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Archer Daniels Midland from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. Finally, Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus price target of $54.50.

Read Our Latest Research Report on ADM

Archer Daniels Midland Trading Down 0.8%

The stock has a market cap of $32.13 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 4.67 and a beta of 0.70. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $60.84 and a 200-day moving average of $60.05.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds have recently bought and sold shares of ADM. SOA Wealth Advisors LLC. acquired a new stake in shares of Archer Daniels Midland in the second quarter worth about $25,000. Toth Financial Advisory Corp acquired a new stake in Archer Daniels Midland in the 4th quarter worth approximately $25,000. Trust Co. of Vermont boosted its position in Archer Daniels Midland by 367.0% during the third quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Archer Daniels Midland by 313.8% in the third 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 during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $32,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Company Profile

(Get Free Report)

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.

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