ADM · NYSE · Agricultural Farm Products

Archer Daniels Midland (ADM)

Sources, transports and processes crops into food, feed, fuel and nutrition ingredients.

$82.26
After hours−0.08 (−0.10%)
At close$82.34(−1.25%)
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Archer-Daniels-Midland CompanyADM
Consumer Staples

Buys, transports and trades crops, then earns from processing oilseeds, corn and wheat into food, feed, fuel and industrial products, alongside human and animal nutrition ingredients. An integrated global logistics network links farm procurement with crushing, milling and customer delivery.

Connects farmers and crop suppliers with food, feed, fuel and industrial customers through an integrated origination, logistics and processing network. Ag Services and Oilseeds buys, merchandises, transports and stores crops, then crushes oilseeds into vegetable oils and protein meal. Carbohydrate Solutions mills corn and wheat into sweeteners, starches, flour, ethanol and feed ingredients.

Nutrition sells flavors, colors, plant proteins, health ingredients, premixes, complete feed and pet food. Operations source crops across the Americas, Europe, the Middle East, Africa and Asia-Pacific, with more activity in North America and Europe than South America.

Results depend on crop availability and prices, trade flows, transportation access, energy costs, and government policies governing trade and biofuels.

Company facts

CEOJuan R. Luciano
ListedDec 24, 1924
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited States
Employees41,496
CIK0000007084
ISINUS0394831020

Market cap$40.19B
EPS (ttm)$3.65
P/E (ttm)22.84
ROE7.7%
P/B1.70
P/S0.4895
Dividend yieldDiv yield2.48%
Beta−0.06vs XLP 0.35

Price target$90.00+8.7%Average of 36 analysts
ConsensusHold22 of 36 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 5, 2026BarclaysReiterate
Rating: Target: $85
Rating: Equal WeightTarget: $90
Aug 5, 2026Morgan StanleyUpgrade
Rating: UnderweightTarget: $60
Rating: ReduceTarget: $79
Jul 20, 2026Morgan StanleyReiterate
Rating: Target: $58
Rating: UnderweightTarget: $60
Jun 15, 2026UBSReiterate
Rating: Target: $90
Rating: BuyTarget: $95
May 7, 2026UBSReiterate
Rating: Target:
Rating: BuyTarget: $90

Next report
Nov 3, 26
in 42 days
EPS estimate
$1.53
Revenue estimate
$22.86B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.14$0.70$0.93$0.92$0.87$0.71$1.84Pending
Estimate$1.11$0.66$0.82$0.85$0.80$0.66$1.42$1.53
Surprise+2.7%+5.6%+13.8%+8.4%+9.2%+7.6%+29.6%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$21.50B$20.18B$21.17B$20.37B$18.56B$20.49B$22.68BPending
Estimate$22.77B$22.08B$22.03B$20.77B$21.06B$21.35B$22.75B$22.86B
Surprise−5.6%−8.6%−3.9%−1.9%−11.9%−4.0%−0.3%
Estimate$1.53
ReportedDue Nov 3, 2026
Estimate$22.86B
ReportedDue Nov 3, 2026
View details

Debt to equity39.60%
Current ratio138.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$19.94B$21.50B$20.18B$21.19B$20.37B$18.56B$20.49B$22.68B
Net income$18.0M$567.0M$295.0M$219.0M$108.0M$456.0M$298.0M$908.0M
Net margin0.1%2.6%1.5%1.0%0.5%2.5%1.5%4.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$460.0M$415.0M$248.0M$100.0M$397.0M$320.0M$408.0M$896.0M
YoY growth−53.8%−49.5%−65.0%−79.6%−13.7%−22.9%+64.5%+796.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $9.61B · Total debt $9.34B · Total assets $53.53B · Shareholders' equity $23.58B

Revenue
$22.68B
Operating income
$896.0M
Net income
$908.0M
View details

Dividend yield
2.48%
Next ex-date
Nov 19, 26
estimated · in 58 days
Annual dividend
$2.07
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.50$0.51$0.51$0.51$0.51$0.52$0.52$0.52
Annual yield3.76%4.38%4.18%3.34%3.50%2.99%2.66%2.56%
Ex-dateNov 21Feb 18May 21Aug 20Nov 19Feb 17May 20Aug 19
Payment dateDec 12Mar 11Jun 11Sep 10Dec 11Mar 10Jun 10Sep 9
View details

Institutions90.70%437.16M shares
1,211 holders · as of Jun 30, 2026
Insiders0.44%2.11M shares
11 holders · as of Sep 10, 2026
Other8.86%42.68M shares
remainder

481.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
State Farm Mutual Automobile Insurance CoInstitution
9.71%46.80Mas of Jun 30, 2026
BlackRock, Inc.Institution
9.26%44.62Mas of Jun 30, 2026
State Street CorpInstitution
6.98%33.64Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.53%31.49Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.59%26.92Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 13, 2026Ian R. Pinnerofficer: Senior Vice President−34,106$71.53
Mar 13, 2026Christopher M. Cuddyofficer: Senior Vice President−35,000$73.50
Mar 10, 2026Gregory A. Morrisofficer: Senior Vice President−50,000$68.48
Feb 17, 2026Jennifer L. Weberofficer: Senior Vice President−25,000$67.04
Feb 5, 2026David R. II McAteedirector+7,500$64.90
View details

  • Bunge

    Closest ABCD-peer rival across every oilseed and grain segment.

  • International Flavors & Fragrances

    Full-stack rival in taste, food proteins, and functional ingredients.

  • Ingredion

    Head-to-head in corn wet-milling, starches, sweeteners, and texturizers.

CompareAfter hours

CompanyPriceChange
Archer Daniels Midland$82.26−0.10%$40.19B22.813.90.5+7.2%
Bunge$110.00−0.68%$21.63B21.910.50.2+88.3%
International Flavors & Fragrances$85.79+0.01%$21.34B77.425.02.1−29.3%
Ingredion$97.91+0.02%$6.12B10.68.80.8+0.9%
Median21.910.50.8+0.9%