Quantbot Technologies LP Purchases 101,770 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Quantbot Technologies LP raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 653.3% in the 4th quarter, HoldingsChannel reports. The firm owned 117,349 shares of the company’s stock after purchasing an additional 101,770 shares during the quarter. Quantbot Technologies LP’s holdings in Archer-Daniels-Midland were worth $5,928,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $26,000. Peterson Financial Group Inc. bought a new stake in Archer-Daniels-Midland during the third quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. increased its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADM shares. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets dropped 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. Morgan Stanley cut their target price on 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. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Barclays decreased their target price 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. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Up 0.0 %

ADM opened at $47.26 on Friday. 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 fifty-two week low of $44.92 and a fifty-two week high of $66.08. The firm’s fifty day moving average is $48.62 and its 200 day moving average is $53.17. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last posted 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 net margin of 2.10% and a return on equity of 10.44%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.32%. Archer-Daniels-Midland’s dividend payout ratio is presently 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.