Assenagon Asset Management S.A. Trims Stock Position in Archer Daniels Midland Company $ADM

Assenagon Asset Management S.A. lessened its stake in Archer Daniels Midland Company (NYSE:ADM) by 45.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,203 shares of the company’s stock after selling 20,457 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Archer Daniels Midland were worth $1,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in Archer Daniels Midland by 0.7% in the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after acquiring an additional 223,716 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Archer Daniels Midland by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock worth $954,058,000 after purchasing an additional 620,794 shares during the period. Geode Capital Management LLC increased its holdings in shares of Archer Daniels Midland by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after purchasing an additional 283,207 shares in the last quarter. Dodge & Cox acquired a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $345,689,000. Finally, Norges Bank purchased a new stake in Archer Daniels Midland during the second quarter worth $340,247,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ADM shares. Zacks Research cut shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $59.00 price objective (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $54.38.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM opened at $57.68 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.92. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The firm has a market capitalization of $27.72 billion, a PE ratio of 23.54, a P/E/G ratio of 4.89 and a beta of 0.70. The business’s 50 day moving average price is $59.54 and its 200-day moving average price is $58.38.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, beating 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 company had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the firm posted $1.09 EPS. The firm’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, equities research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s payout ratio is presently 83.27%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.