Marathon Asset Management Ltd Sells 77,018 Shares of Archer Daniels Midland Company $ADM

Marathon Asset Management Ltd trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 26.4% during the third quarter, HoldingsChannel.com reports. The firm owned 215,257 shares of the company’s stock after selling 77,018 shares during the quarter. Marathon Asset Management Ltd’s holdings in Archer Daniels Midland were worth $12,859,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC boosted its position in Archer Daniels Midland by 5.0% during the 3rd quarter. Perigon Wealth Management LLC now owns 4,596 shares of the company’s stock worth $275,000 after acquiring an additional 218 shares during the last quarter. Apella Capital LLC bought a new stake in shares of Archer Daniels Midland in the third quarter worth $211,000. Apollon Wealth Management LLC boosted its holdings in Archer Daniels Midland by 33.4% during the third quarter. Apollon Wealth Management LLC now owns 9,938 shares of the company’s stock worth $594,000 after purchasing an additional 2,488 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Archer Daniels Midland in the third quarter valued at $1,373,000. Finally, Trust Co. of Toledo NA OH increased its stake in Archer Daniels Midland by 203.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 1,863 shares of the company’s stock valued at $111,000 after buying an additional 1,250 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Stock Performance

Shares of NYSE ADM opened at $57.93 on Monday. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00. The stock has a 50 day moving average of $59.33 and a 200-day moving average of $58.58. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $27.84 billion, a P/E ratio of 23.64, a P/E/G ratio of 4.93 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The business had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, equities research analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a $0.51 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a research report on Wednesday, November 5th. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $54.38.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.