Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 913,620 shares of the company's stock after purchasing an additional 100,669 shares during the period. Hsbc Holdings PLC owned 0.19% of Archer-Daniels-Midland worth $46,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. West Financial Advisors LLC lifted its position in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after purchasing an additional 210 shares in the last quarter. Invesco LLC boosted its stake in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after purchasing an additional 211 shares during the period. Advisor OS LLC grew its holdings in Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC increased its stake in Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after buying an additional 216 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Morgan Stanley lowered their target price 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. Citigroup dropped their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Stock Performance

ADM traded down $0.19 during trading on Monday, reaching $48.06. 2,095,185 shares of the company were exchanged, compared to its average volume of 3,614,353. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The stock has a market cap of $23.05 billion, a P/E ratio of 13.31, a PEG ratio of 1.54 and a beta of 0.66. 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 firm has a 50 day moving average of $46.86 and a 200 day moving average of $50.14.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share 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 firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the firm posted $1.36 EPS. Archer-Daniels-Midland's quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. This is a boost 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 annualized dividend and a dividend yield of 4.24%. 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.