Archer Daniels Midland Company $ADM Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 45.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,203 shares of the company’s stock after selling 20,457 shares during the period. Assenagon Asset Management S.A.’s holdings in Archer Daniels Midland were worth $1,446,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADM. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at about $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Archer Daniels Midland during the second quarter worth about $36,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Archer Daniels Midland during the second quarter worth about $37,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Archer Daniels Midland by 61.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 698 shares of the company’s stock valued at $37,000 after purchasing an additional 265 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Archer Daniels Midland Stock Up 0.4%

NYSE:ADM opened at $57.68 on Thursday. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The stock’s fifty day moving average is $59.54 and its two-hundred day moving average is $58.38. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 4.89 and a beta of 0.70. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. 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 was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio is currently 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.