LMR Partners LLP Invests $1.41 Million in Archer-Daniels-Midland Company (NYSE:ADM)

LMR Partners LLP acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,878 shares of the company's stock, valued at approximately $1,408,000.

Several other institutional investors have also recently bought and sold shares of the business. AustralianSuper Pty Ltd raised its holdings in shares of 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 holdings in shares of Archer-Daniels-Midland by 56.7% in 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 last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $1,217,000. Semanteon Capital Management LP purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $614,000. Finally, Aigen Investment Management LP increased its holdings 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 worth $2,372,000 after buying an additional 26,329 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded up $1.29 during mid-day trading on Friday, hitting $50.15. 3,226,971 shares of the company traded hands, compared to its average volume of 3,579,355. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 13.89, 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 one year low of $40.98 and a one year high of $66.08. The stock has a fifty day moving average price of $47.14 and a 200-day moving average price of $49.35.

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, 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 business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. On average, equities analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.07%. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADM. Citigroup decreased their price objective 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. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays decreased their price objective 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 cut their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $52.50.

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.