Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by XTX Topco Ltd

XTX Topco Ltd increased its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 215.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,170 shares of the company's stock after acquiring an additional 7,625 shares during the quarter. XTX Topco Ltd's holdings in Archer-Daniels-Midland were worth $564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AustralianSuper Pty Ltd boosted its holdings in Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after buying an additional 360,844 shares during the last quarter. Amundi lifted its holdings in Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth $1,217,000. Semanteon Capital Management LP acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $614,000. Finally, Aigen Investment Management LP lifted its stake in shares of Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock worth $2,372,000 after buying an additional 26,329 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADM. Barclays decreased their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. Finally, Citigroup lowered their price objective on 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Stock Down 1.3 %

ADM stock traded down $0.65 during midday trading on Friday, hitting $48.13. The company's stock had a trading volume of 522,554 shares, compared to its average volume of 3,606,530. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The firm has a 50-day simple moving average of $46.81 and a 200-day simple moving average of $50.30. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.09 billion, a P/E ratio of 13.33, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.24%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

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.