Marshall Wace LLP Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Marshall Wace LLP lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1,344.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,966 shares of the company's stock after buying an additional 292,231 shares during the period. Marshall Wace LLP owned approximately 0.07% of Archer-Daniels-Midland worth $15,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. raised its position in Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $30,000. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADM. Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Morgan Stanley reduced 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 research note on Tuesday, February 11th. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Finally, BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Down 1.1 %

Shares of ADM traded down $0.54 during trading hours on Friday, reaching $48.24. 2,261,729 shares of the stock traded hands, compared to its average volume of 3,616,807. 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. The stock has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $50.23. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is 56.51%.

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.