Voleon Capital Management LP Sells 59,585 Shares of Archer Daniels Midland Company $ADM

Key Points

• Voleon Capital Management LP reduced its position in Archer Daniels Midland (ADM) by 77.2% in Q1, holding 17,618 shares valued at $846,000.
• Several institutional investors, including Handelsbanken Fonder and Bell Bank, have recently adjusted their stakes in ADM, with institutional ownership currently at 78.28%.
• Archer Daniels Midland declared a quarterly dividend of $0.51 per share, with an annualized dividend yield of 3.3%, scheduled for payment on September 10th.

Voleon Capital Management LP cut its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 77.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,618 shares of the company's stock after selling 59,585 shares during the quarter. Voleon Capital Management LP's holdings in Archer Daniels Midland were worth $846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland in the 1st quarter worth $25,000. ORG Partners LLC grew its position in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the last quarter. NBC Securities Inc. acquired a new stake in Archer Daniels Midland in the 1st quarter worth $37,000. Finally, Capital Advisors Ltd. LLC grew its position in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after purchasing an additional 237 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Trading Down 1.1%

Shares of NYSE:ADM traded down $0.66 during trading on Monday, hitting $60.91. 593,563 shares of the company's stock were exchanged, compared to its average volume of 3,897,906. The firm has a market cap of $29.26 billion, a P/E ratio of 26.83, a PEG ratio of 3.28 and a beta of 0.68. The firm has a 50-day moving average price of $58.24 and a two-hundred day moving average price of $51.94. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38.

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

Archer Daniels Midland Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on ADM. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 price target on the stock. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group reaffirmed a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One equities research 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $55.50.

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.