Assenagon Asset Management S.A. Trims Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Assenagon Asset Management S.A. reduced its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 94.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,554 shares of the company's stock after selling 422,035 shares during the period. Assenagon Asset Management S.A.'s holdings in Archer Daniels Midland were worth $1,131,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisor OS LLC increased its stake in shares of Archer Daniels Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares during the last quarter. Allworth Financial LP grew its holdings in Archer Daniels Midland by 9.6% in the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company's stock valued at $134,000 after purchasing an additional 232 shares during the period. Silver Coast Investments LLC increased its position in Archer Daniels Midland by 4.4% during the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock worth $283,000 after purchasing an additional 235 shares during the last quarter. Stolper Co raised its stake in Archer Daniels Midland by 0.8% during the first quarter. Stolper Co now owns 33,691 shares of the company's stock worth $1,618,000 after purchasing an additional 275 shares during the period. Finally, Horizon Investments LLC boosted its holdings in shares of Archer Daniels Midland by 3.5% in the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock valued at $431,000 after purchasing an additional 285 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Down 0.0%

ADM stock opened at $54.15 on Wednesday. The stock has a market cap of $26.02 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The firm's 50-day simple moving average is $48.35 and its 200 day simple moving average is $48.66. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. Archer Daniels Midland's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.77%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

Analysts Set New Price Targets

ADM has been the topic of a number of research analyst reports. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays cut their price objective on shares of Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Citigroup decreased their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.00.

About Archer Daniels Midland

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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