Woodline Partners LP Invests $1.45 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Woodline Partners LP acquired 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 fund acquired 28,714 shares of the company's stock, valued at approximately $1,451,000.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $28,000. Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $30,000. CoreFirst Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $30,000. Finally, Asset Planning Inc bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $31,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 0.8%

NYSE ADM traded down $0.39 on Friday, reaching $47.98. The company had a trading volume of 629,342 shares, compared to its average volume of 3,546,471. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company's fifty day moving average is $47.44 and its 200-day moving average is $49.04.

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, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. On average, research 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $60.00 in a research report on Monday, May 19th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Citigroup decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Finally, Morgan Stanley decreased their price target on shares of 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.00.

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.