Assenagon Asset Management S.A. Has $2.36 Million Stock Holdings in Archer Daniels Midland Company $ADM

Key Points

• Assenagon Asset Management S.A. increased its holdings in Archer Daniels Midland Company by 89.6% during the second quarter, acquiring an additional 21,106 shares for a total worth of $2.36 million.
• JPMorgan Chase & Co. initiated coverage of Archer Daniels Midland with a neutral rating and a price target of $61.00, while other analysts have varied targets, with UBS upgrading to a buy rating and a target of $70.00.
• Archer Daniels Midland recently announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 3.3% and a payout ratio of 89.87%.

Assenagon Asset Management S.A. increased its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 89.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,660 shares of the company's stock after buying an additional 21,106 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Archer Daniels Midland were worth $2,357,000 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. Handelsbanken Fonder AB bought a new position in shares of Archer Daniels Midland in the 1st quarter worth $1,183,000. Bell Bank lifted its stake in shares of Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after buying an additional 16,558 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Archer Daniels Midland in the first quarter valued at $333,000. Sarasin & Partners LLP acquired a new position in shares of Archer Daniels Midland during the first quarter valued at about $1,200,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Archer Daniels Midland by 18.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company's stock worth $8,042,000 after acquiring an additional 26,328 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Morgan Stanley increased their price target 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, Wall Street Zen upgraded shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Down 0.7%

Archer Daniels Midland stock opened at $61.08 on Friday. The firm has a 50 day moving average price of $59.45 and a 200-day moving average price of $52.71. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.38. The company has a market capitalization of $29.34 billion, a P/E ratio of 26.91, a P/E/G ratio of 3.28 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. Archer Daniels Midland's revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 89.87%.

Archer Daniels Midland 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.

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