Voloridge Investment Management LLC Raises Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Voloridge Investment Management LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 56.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,328,942 shares of the company's stock after purchasing an additional 843,662 shares during the period. Voloridge Investment Management LLC owned about 0.49% of Archer-Daniels-Midland worth $117,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd boosted its holdings in Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after purchasing an additional 360,844 shares during the last quarter. Amundi raised its stake in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after buying an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $1,217,000. Semanteon Capital Management LP acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $614,000. Finally, Aigen Investment Management LP raised its stake in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after buying an additional 26,329 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

ADM has been the topic of several research reports. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. UBS Group upgraded Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and increased their price target for the stock from $55.00 to $60.00 in a research report on Monday. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays dropped their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Down 0.3%

Shares of Archer-Daniels-Midland stock opened at $50.00 on Tuesday. The business's fifty day moving average price is $47.20 and its two-hundred day moving average price is $49.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a market capitalization of $24.02 billion, a P/E ratio of 13.85, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced 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 firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 EPS. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 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.

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