5 Stocks That Recently Hit All-Time Highs

3. Archer-Daniels-Midland Company (NYSE:ADM)

All-Time Share Price High: $81.93 on March 03, 2022

Number of Hedge Fund Holders: 41

Headquartered in Chicago, Illinois, Archer-Daniels-Midland Company (NYSE:ADM) procures and merchandises agricultural commodities and ingredients to customers in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally.

On February 23, Archer-Daniels-Midland Company (NYSE:ADM) priced its first sustainable bond, which will support initiatives to advance its ESG goals. Archer-Daniels-Midland Company (NYSE:ADM) agreed to issue $750 million in aggregate principal amount of 2.9% notes due 2032. The offering closed on February 28.

Archer-Daniels-Midland Company (NYSE:ADM) on January 25 declared a per share quarterly dividend of $0.40, an 8.1% increase from its prior dividend of $0.37. The dividend is payable on March 1, to shareholders of record on February 8. 

Stifel analyst Vincent Anderson on January 26 raised the price target on Archer-Daniels-Midland Company (NYSE:ADM) to $80 from $78 and kept a Buy rating on the shares following a “solid” Q4 performance and management guidance for 2022. 

According to the Q4 database of Insider Monkey, 41 hedge funds were bullish on Archer-Daniels-Midland Company (NYSE:ADM), and Ric Dillon’s Diamond Hill Capital is the biggest shareholder of the company, with 5.70 million shares worth approximately $386 million.