Quinn Opportunity Partners LLC Invests $1.01 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Quinn Opportunity Partners LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 20,000 shares of the company's stock, valued at approximately $1,010,000.

Other hedge funds have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its position in Archer-Daniels-Midland by 35.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,495 shares of the company's stock worth $227,000 after purchasing an additional 1,168 shares during the period. Covestor Ltd increased its stake in Archer-Daniels-Midland by 42.2% during the 4th quarter. Covestor Ltd now owns 3,759 shares of the company's stock worth $189,000 after buying an additional 1,115 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Archer-Daniels-Midland by 2.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 230,879 shares of the company's stock valued at $11,664,000 after acquiring an additional 6,510 shares in the last quarter. Greenland Capital Management LP purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $326,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Archer-Daniels-Midland by 31.6% during the fourth quarter. Renaissance Technologies LLC now owns 378,000 shares of the company's stock worth $19,097,000 after purchasing an additional 90,700 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Shares of ADM traded up $1.57 during mid-day trading on Thursday, reaching $47.70. The company had a trading volume of 1,177,945 shares, compared to its average volume of 3,632,081. The company's 50-day moving average is $46.54 and its 200-day moving average is $50.75. 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 $22.88 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.28%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ADM shares. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup reduced their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Barclays lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.75.

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.