Caxton Associates LP Buys Shares of 12,236 Archer-Daniels-Midland Company (NYSE:ADM)

Caxton Associates LP purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,236 shares of the company's stock, valued at approximately $618,000.

Several other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $333,521,000. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Invesco Ltd. lifted its stake in Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter. Finally, Amundi grew its position in shares of Archer-Daniels-Midland by 56.7% during 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. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ADM shares. Stephens lowered their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $48.00 to $47.00 in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $48.32 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a fifty day moving average of $46.92 and a 200-day moving average of $49.71. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same period last year, the firm earned $1.46 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

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.

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