Woodline Partners LP Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Woodline Partners LP acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,714 shares of the company's stock, valued at approximately $1,451,000.

Other institutional investors have also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its stake in Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi lifted its position 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 purchasing an additional 894,562 shares during the period. Hickory Point Bank & Trust purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at $1,217,000. Semanteon Capital Management LP acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth about $614,000. Finally, Aigen Investment Management LP lifted its holdings in shares of Archer-Daniels-Midland by 127.7% in the 4th 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 during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADM. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup cut their target price 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. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and increased their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Two research 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.00.

Archer-Daniels-Midland Price Performance

NYSE:ADM traded down $0.29 during trading hours on Wednesday, hitting $48.34. 2,228,873 shares of the stock were exchanged, compared to its average volume of 3,559,975. The company has a market cap of $23.22 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.54 and a beta of 0.69. The firm's fifty day moving average price is $47.35 and its 200 day moving average price is $49.08. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same quarter last year, the firm posted $1.46 EPS. The firm's revenue for the quarter was down 7.7% 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.22%. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

Archer-Daniels-Midland 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.