Candriam S.C.A. Decreases Stock Holdings in Archer Daniels Midland Company $ADM

Candriam S.C.A. reduced its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 32.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,668 shares of the company’s stock after selling 19,220 shares during the period. Candriam S.C.A.’s holdings in Archer Daniels Midland were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock worth $26,863,000 after acquiring an additional 49,954 shares during the period. Perpetual Ltd acquired a new position in Archer Daniels Midland during the second quarter worth approximately $227,000. Wellington Management Group LLP raised its stake in Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Archer Daniels Midland by 9.5% during the 1st quarter. Allianz Asset Management GmbH now owns 371,258 shares of the company’s stock valued at $17,824,000 after buying an additional 32,110 shares during the period. Finally, Groupama Asset Managment acquired a new stake in shares of Archer Daniels Midland during the 1st quarter worth $401,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

ADM stock opened at $58.62 on Monday. The stock has a 50-day simple moving average of $60.75 and a 200-day simple moving average of $56.35. The firm has a market cap of $28.17 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.Archer Daniels Midland’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 83.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ADM shares. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. UBS Group restated a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $55.25.

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.