American Century Companies Inc. Has $18.80 Million Stock Holdings in Archer Daniels Midland Company $ADM

American Century Companies Inc. reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 356,228 shares of the company’s stock after selling 43,283 shares during the quarter. American Century Companies Inc. owned about 0.07% of Archer Daniels Midland worth $18,802,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of Archer Daniels Midland by 3.0% during the second quarter. Rhumbline Advisers now owns 1,010,004 shares of the company’s stock worth $53,308,000 after purchasing an additional 29,257 shares during the period. AlphaCore Capital LLC raised its holdings in Archer Daniels Midland by 14.9% during the second quarter. AlphaCore Capital LLC now owns 3,161 shares of the company’s stock worth $167,000 after buying an additional 411 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Archer Daniels Midland by 25.7% in the second quarter. Mufg Securities Americas Inc. now owns 10,648 shares of the company’s stock valued at $562,000 after buying an additional 2,177 shares in the last quarter. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Archer Daniels Midland during the second quarter valued at about $37,000. Finally, DNB Asset Management AS increased its position in shares of Archer Daniels Midland by 4.9% during the second quarter. DNB Asset Management AS now owns 120,914 shares of the company’s stock worth $6,382,000 after acquiring an additional 5,671 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 0.3%

Shares of Archer Daniels Midland stock opened at $60.32 on Wednesday. The stock has a market capitalization of $28.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 5.13 and a beta of 0.70. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $65.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. The stock’s 50-day simple moving average is $60.35 and its 200 day simple moving average is $57.27.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The firm had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Analyst Ratings Changes

Several brokerages recently weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group restated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $59.00 target price (down previously from $61.00) on shares of Archer Daniels Midland in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland has a consensus rating of “Reduce” and a consensus target price of $55.25.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.