Archer-Daniels-Midland Company (ADM) Stock Price & How to Invest

Archer-Daniels-Midland is a global agribusiness that sources, transports, stores, processes, and merchandises agricultural commodities and ingredients. It runs three reportable segments: Ag Services and Oilseeds (the largest, spanning grain origination, oilseed crushing, and global trading), Carbohydrate Solutions (corn wet milling, sweeteners, starches, and ethanol), and Nutrition (human and animal ingredients, flavors, and specialty products). Along with Bunge, Cargill, and Louis Dreyfus it is one of the "ABCD" firms that move a large share of the world's grain and oilseeds, making it a core piece of the food and biofuel supply chain.

The investment picture is cyclical and value-oriented. ADM's profits rise and fall with soybean crush margins, ethanol economics, and crop supply and demand, and 2025 was a trough year: full-year 2025 adjusted EPS came in around $3.43 (as of July 2026), down roughly 28% from the prior year, with total segment operating profit near $3.2 billion. Management points to improving crush and ethanol margins plus clearer US biofuel policy as reasons it raised 2026 adjusted EPS guidance to roughly $4.15 to $4.70. The company is also a long-standing dividend grower, but it carries the overhang of a resolved SEC accounting matter and the memory of a 1990s price-fixing scandal, which weigh on how the market values it.

ADM is highly cyclical and its profits depend on crush margins, ethanol spreads, and crop supply that it cannot control, so earnings can drop sharply in a bad year as 2025 showed. The company settled an SEC accounting matter tied to how intersegment sales inflated Nutrition results in 2021 and 2022, paying a $40 million civil penalty (with the DOJ closing its criminal probe without charges), which has left a governance and credibility overhang. Trade policy, tariffs, and shifting global grain flows can disrupt origination and trading economics. US biofuel policy uncertainty cuts both ways for ethanol and vegetable-oil demand. Finally, a low-margin commodity business model means thin percentage margins on very large revenue, so small swings in input costs or realized prices have outsized effects on the bottom line.

10 analysts publish price targets on ADM, averaging $75.50 against a $79.27 price as of August 2026, or -4.8%. The published targets run from $60.00 to $95.00, a moderate spread, and the ratings split 1 buy, 7 hold, 3 sell. Over the last six months there have been 9 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ADM forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Archer-Daniels-Midland Company. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Crush and ethanol margin recovery. The bulk of ADM's earnings power sits in Ag Services and Oilseeds crushing and in ethanol within Carbohydrate Solutions, both of which compressed sharply in 2025. The most optimistic published target, $95.00, assumes this works close to its best case.

The case against. ADM is highly cyclical and its profits depend on crush margins, ethanol spreads, and crop supply that it cannot control, so earnings can drop sharply in a bad year as 2025 showed. The most pessimistic target, $60.00, is roughly what ADM is worth if this bites instead.

Read the full bull and bear case on ADM, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Archer-Daniels-Midland Company's investor relations page or your broker.

• Revenue (TTM): ~$80B
• Market cap: ~$37B
• Share price: ~$77
• P/E ratio: ~35x
• Dividend yield: ~2.6%
• FY2025 adjusted EPS: ~$3.43

As of July 2026, ADM trades around $77 with a market cap near $37 billion on roughly $80 billion of trailing revenue, reflecting the razor-thin margins typical of commodity processing. The trailing P/E near 35x looks elevated because it sits on depressed 2025 earnings; management's raised 2026 adjusted EPS guidance of roughly $4.15 to $4.70 implies a much lower forward multiple if the crush-and-ethanol recovery plays out. The roughly 2.6% dividend yield and 53-year raise streak are a large part of the total-return case.

If you want ADM exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to ADM: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ADM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (MOO, GUNR), which spreads the position across many companies. Or build it into a focused thematic portfolio, so ADM sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ADM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

ADM is a global agribusiness giant working through a margin trough and the aftermath of an accounting scandal, so the story hinges on a crush-and-ethanol recovery against a very long dividend record.

Whether ADM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ADM a buy or a sell?, and where the stock could go from here in the ADM stock forecast.

For income investors, whether ADM pays a dividend and how the payout looks is covered in does ADM pay a dividend? And to weigh ADM against a peer, read the full side-by-side comparisons: ADM vs BG and ADM vs INGR.