CTC Alternative Strategies Ltd. Acquires Shares of 7,570 Archer-Daniels-Midland Company (NYSE:ADM)

CTC Alternative Strategies Ltd. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,570 shares of the company's stock, valued at approximately $382,000. Archer-Daniels-Midland makes up about 0.5% of CTC Alternative Strategies Ltd.'s holdings, making the stock its 23rd largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. CoreFirst Bank & Trust acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. Finally, Crews Bank & Trust acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 1.5%

ADM traded up $0.72 during trading hours on Tuesday, reaching $48.66. 2,011,645 shares of the stock traded hands, compared to its average volume of 3,565,297. The firm's fifty day simple moving average is $47.30 and its two-hundred day simple moving average is $49.08. The company has a market cap of $23.38 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week 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.

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

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 72.86%.

Analysts Set New Price Targets

ADM has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of 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. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Citigroup dropped their price objective on shares of 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. UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.00.

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.