XTX Topco Ltd Acquires 40,883 Shares of Archer Daniels Midland Company (NYSE:ADM)

XTX Topco Ltd grew its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 366.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,053 shares of the company's stock after purchasing an additional 40,883 shares during the period. XTX Topco Ltd's holdings in Archer Daniels Midland were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $25,000. ORG Partners LLC grew its holdings in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock worth $34,000 after purchasing an additional 523 shares during the period. NBC Securities Inc. acquired a new position in shares of Archer Daniels Midland during the 1st quarter worth approximately $37,000. Capital Advisors Ltd. LLC lifted its position in Archer Daniels Midland by 43.4% during the first quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Archer Daniels Midland by 109.8% in the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company's stock valued at $40,000 after purchasing an additional 439 shares during the period. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADM has been the subject of a number of research analyst reports. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Barclays boosted their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup cut their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Stock Down 1.9%

NYSE:ADM traded down $1.04 during trading hours on Thursday, reaching $54.16. The company had a trading volume of 3,986,254 shares, compared to its average volume of 2,689,702. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $62.67. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.02 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 3.08 and a beta of 0.69. The business's 50-day simple moving average is $52.25 and its two-hundred day simple moving average is $49.36.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 EPS 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 return on equity of 8.71% and a net margin of 1.63%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. On average, equities analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is currently 72.86%.

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.