Archer Daniels Midland Co. (ADM) Analysis & Forecast for 2024

Archer Daniels Midland Co. (NYSE: ADM) is -26.54% lower on its value in year-to-date trading and has touched a low of $50.72 and a high of $87.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADM stock was last observed hovering at around $52.70 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $53.05, the stock is -8.92% and -20.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.52 million and changing 0.66% at the moment leaves the stock -28.60% off its SMA200. ADM registered -34.99% loss for a year compared to 6-month loss of -38.24%. The firm has a 50-day simple moving average (SMA 50) of $0.37 and a 200-day simple moving average (SMA200) of $5.65.

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The stock witnessed a -23.48% gain in the last 1 month and extending the period to 3 months gives it a -26.35%, and is -4.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.88% over the month.

Archer Daniels Midland Co. (ADM) has around Feb 07 2024 employees, a market worth around $28.30B and $97.22B in sales. Current P/E ratio is 7.39 and Fwd P/E is 9.04. Profit margin for the company is 4.05%. Distance from 52-week low is 4.59% and -39.23% from its 52-week high. The company has generated returns on investments over the last 12 months (11.47%).

Archer Daniels Midland Co. quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $23.65B over the same period.The EPS is expected to shrink by -10.41% this year, but quarterly earnings will post -7.00% year-over-year. Quarterly sales are estimated to shrink -9.90% in year-over-year returns.

Archer Daniels Midland Co. (ADM) Top Institutional Holders

1,507 institutions hold shares in Archer Daniels Midland Co. (ADM), with institutional investors hold 80.26% of the company’s shares. The shares outstanding are 547.00M, and float is at 529.28M with Short Float at 1.20%. Institutions hold 79.65% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 62.25 million shares valued at $4.7 billion. The investor’s holdings represent 11.61% of the ADM Shares outstanding. As of Jun 29, 2023, the second largest holder is State Farm Mutual Automobile Insurance Co with 46.8 million shares valued at $3.54 billion to account for 8.73% of the shares outstanding. The other top investors are Blackrock Inc. which holds 43.65 million shares representing 8.14% and valued at over $3.3 billion, while State Street Corporation holds 5.85% of the shares totaling 31.36 million with a market value of $2.37 billion.

Archer Daniels Midland Co. (ADM) Insider Activity

A total of 2 insider transactions have happened at Archer Daniels Midland Co. (ADM) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by Strader Fruit Molly L ,the company’sVice Pres., Corp. Controller. SEC filings show that Strader Fruit Molly L sold 1,455 shares of the company’s common stock on Jul 26 at a price of $86.80 per share for a total of $0.13 million. Following the sale, the insider now owns 10809.0 shares.

Archer Daniels Midland Co. (ADM): Who are the competitors?

The company’s main competitors (and peers) include Tyson Foods Inc. Cl A (TSN) that is trading -13.75% down over the past 12 months. Conagra Brands Inc. (CAG) that is -25.50% lower over the same period.