Farringdon Capital Ltd. Buys Shares of 6,313 Archer-Daniels-Midland Company (NYSE:ADM)

Farringdon Capital Ltd. acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,313 shares of the company's stock, valued at approximately $319,000.

A number of other hedge funds also recently added to or reduced their stakes in ADM. Norges Bank purchased a new stake in Archer-Daniels-Midland in the fourth quarter worth about $333,521,000. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. Wellington Management Group LLP grew its stake in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after buying an additional 1,722,428 shares during the last quarter. Invesco Ltd. increased its position in Archer-Daniels-Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after buying an additional 1,420,625 shares in the last quarter. Finally, Amundi boosted its holdings in Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets lowered 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 report on Wednesday, February 5th. Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Finally, Morgan Stanley reduced their price target 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Price Performance

ADM traded up $0.38 during midday trading on Thursday, hitting $48.50. 696,894 shares of the company traded hands, compared to its average volume of 4,458,841. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.54 and a beta of 0.66. The business has a 50 day simple moving average of $46.76 and a two-hundred day simple moving average of $50.37. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued 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 dividend yield of 4.21%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

About Archer-Daniels-Midland

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.