Voleon Capital Management LP Reduces Position in 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 shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 77.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. S.A. Mason LLC acquired a new position in Archer Daniels Midland in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Archer Daniels Midland in the 1st quarter valued at $25,000. ORG Partners LLC boosted 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 valued at $34,000 after buying an additional 523 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Archer Daniels Midland in the 1st quarter worth $37,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of 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. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADM shares. UBS Group reissued a "buy" rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Morgan Stanley upped 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 report on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Trading Up 0.4%

Shares of ADM stock traded up $0.24 during mid-day trading on Friday, reaching $61.66. The stock had a trading volume of 2,289,866 shares, compared to its average volume of 3,321,634. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $58.24 and its two-hundred day moving average price is $51.87. The firm has a market capitalization of $29.63 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69.

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

Archer Daniels Midland Announces Dividend

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

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.