Assenagon Asset Management S.A. Sells 283,003 Shares of Archer Daniels Midland Company $ADM

Assenagon Asset Management S.A. decreased its holdings in Archer Daniels Midland Company (NYSE:ADM) by 71.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,441 shares of the company’s stock after selling 283,003 shares during the period. Assenagon Asset Management S.A.’s holdings in Archer Daniels Midland were worth $8,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Centennial Wealth Advisory LLC increased its stake in Archer Daniels Midland by 22.3% during the first quarter. Centennial Wealth Advisory LLC now owns 15,525 shares of the company’s stock worth $1,129,000 after acquiring an additional 2,830 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Archer Daniels Midland by 14.2% in the 1st quarter. CENTRAL TRUST Co now owns 5,825 shares of the company’s stock valued at $423,000 after purchasing an additional 725 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Archer Daniels Midland by 15.1% in the 1st quarter. Cidel Asset Management Inc. now owns 15,892 shares of the company’s stock worth $1,155,000 after purchasing an additional 2,083 shares during the period. Sara Bay Financial bought a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $226,000. Finally, LMG Wealth Partners LLC increased its position in shares of Archer Daniels Midland by 4.3% during the 1st quarter. LMG Wealth Partners LLC now owns 57,715 shares of the company’s stock valued at $4,195,000 after purchasing an additional 2,389 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $76.78 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $77.17 and its two-hundred day moving average is $70.03. Archer Daniels Midland Company has a 52 week low of $51.34 and a 52 week high of $85.37. The company has a market capitalization of $37.01 billion, a PE ratio of 34.43 and a beta of 0.60.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion during the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. As a group, analysts expect that Archer Daniels Midland Company will post 4.47 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. UBS Group boosted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Barclays raised their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $75.33.

About Archer Daniels Midland

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.