Hsbc Holdings PLC Increases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Hsbc Holdings PLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 913,620 shares of the company's stock after buying an additional 100,669 shares during the quarter. Hsbc Holdings PLC owned 0.19% of Archer-Daniels-Midland worth $46,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its stake in Archer-Daniels-Midland by 52.0% in the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after acquiring an additional 514,005 shares during the last quarter. Invst LLC bought a new position in Archer-Daniels-Midland during the third quarter valued at $640,000. Virtu Financial LLC bought a new stake in shares of Archer-Daniels-Midland in the third quarter valued at $981,000. World Investment Advisors LLC purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $1,204,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $425,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded down $0.07 on Wednesday, hitting $47.71. The company's stock had a trading volume of 956,470 shares, compared to its average volume of 3,599,685. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a market capitalization of $22.89 billion, a PE ratio of 13.21, a PEG ratio of 1.54 and a beta of 0.66. The company has a 50-day simple moving average of $46.92 and a 200 day simple moving average of $50.05.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter in the previous year, the company earned $1.36 EPS. The business's quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.28%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's payout ratio is 56.51%.

Archer-Daniels-Midland Company 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.