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

CTC Alternative Strategies Ltd. bought a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,570 shares of the company's stock, valued at approximately $382,000. Archer-Daniels-Midland accounts for approximately 0.5% of CTC Alternative Strategies Ltd.'s investment portfolio, making the stock its 23rd biggest holding.

Other large investors have also 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 worth about $25,000. Raleigh Capital Management Inc. lifted its position in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Crews Bank & Trust bought a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. Finally, CoreFirst Bank & Trust bought a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 0.4%

Shares of NYSE ADM traded down $0.21 during trading on Thursday, reaching $48.14. The company had a trading volume of 634,339 shares, compared to its average volume of 3,551,190. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a market cap of $23.13 billion, a PE ratio of 13.34, a P/E/G ratio of 1.54 and a beta of 0.69. The business's 50-day moving average is $47.39 and its 200 day moving average is $49.07. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping 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 in the prior year, the firm posted $1.46 earnings per share. The company's quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of recent research reports. Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. BMO Capital Markets decreased their target price 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, Morgan Stanley decreased 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.