Virtu Financial LLC Grows Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Virtu Financial LLC has increased its holdings in Archer Daniels Midland Company by 15% during the first quarter, owning shares valued at approximately $1.88 million.
• Archer Daniels Midland recently reported quarterly earnings of $0.93 per share, exceeding estimates by $0.05, although revenues declined by 4.9% year-over-year.
• The company announced a quarterly dividend of $0.51, implying a yield of 3.5%, to be paid on September 10th to investors of record by August 20th.

Virtu Financial LLC lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,117 shares of the company's stock after purchasing an additional 5,102 shares during the quarter. Virtu Financial LLC's holdings in Archer Daniels Midland were worth $1,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADM. Charles Schwab Investment Management Inc. boosted its position in shares of Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Archer Daniels Midland by 56.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after purchasing an additional 843,662 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Archer Daniels Midland by 20.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after acquiring an additional 727,675 shares in the last quarter. Invesco Ltd. lifted its position in Archer Daniels Midland by 8.5% in the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after acquiring an additional 607,767 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Archer Daniels Midland by 7,238.2% in the 1st quarter. GAMMA Investing LLC now owns 538,768 shares of the company's stock valued at $258,660,000 after acquiring an additional 531,426 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM traded up $0.28 during mid-day trading on Tuesday, reaching $58.56. The company had a trading volume of 3,844,341 shares, compared to its average volume of 3,225,451. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $53.77 and its 200-day moving average price is $49.69. The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 3.10 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business's revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 20th. Archer Daniels Midland's dividend payout ratio (DPR) is currently 89.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on ADM. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday. Citigroup dropped 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 research report on Tuesday, April 15th. Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday. Bank of America lowered shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $54.71.

About Archer Daniels Midland

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.