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Shares of Archer Daniels Midland Company (NYSE:ADM) hit a new 52-week high during trading on Tuesday , ARN reports. The stock traded as high as $50.56 and last traded at $50.32, with a volume of 1,862,015 shares. The stock had previously closed at $49.86.

A number of analysts have recently weighed in on ADM shares. Analysts at Argus raised their price target on shares of Archer Daniels Midland Company from $49.00 to $57.00 in a research note on Wednesday, August 20th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland Company in a research note on Thursday, August 14th. They now have a $60.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland Company from $46.00 to $48.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Archer Daniels Midland Company has an average rating of “Buy” and a consensus target price of $50.00.

The stock has a 50-day moving average of $48.60 and a 200-day moving average of $44.76. The company has a market cap of $32.405 billion and a price-to-earnings ratio of 20.02.

Archer Daniels Midland Company (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $21.49 billion for the quarter, compared to the consensus estimate of $22.70 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland Company will post $3.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, August 19th.

In other Archer Daniels Midland Company news, SVP Joseph D. Taets sold 14,690 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $49.90, for a total transaction of $733,031.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Archer-Daniels-Midland-Company is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.

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