Archer Daniels Midland Company (NYSE:ADM) Holdings Decreased by Xponance Inc.

Xponance Inc. decreased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 45.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,845 shares of the company's stock after selling 61,102 shares during the quarter. Xponance Inc.'s holdings in Archer Daniels Midland were worth $3,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ADM. Norges Bank purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at $333,521,000. Wellington Management Group LLP boosted its position in Archer Daniels Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Invesco Ltd. boosted its position in Archer Daniels Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Archer Daniels Midland by 56.8% during the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after purchasing an additional 843,662 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after purchasing an additional 727,675 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

NYSE ADM opened at $54.97 on Monday. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The stock's 50-day moving average is $50.77 and its two-hundred day moving average is $48.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The firm has a market cap of $26.41 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. On average, analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.71%. Archer Daniels Midland's payout ratio is presently 72.86%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADM. Citigroup reduced 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. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays raised their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus target price of $52.25.

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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