Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 46.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,317 shares of the company's stock after purchasing an additional 14,312 shares during the period. Mizuho Securities USA LLC's holdings in Archer-Daniels-Midland were worth $2,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC grew its stake in Archer-Daniels-Midland by 107.2% in the 4th quarter. Virtu Financial LLC now owns 34,015 shares of the company's stock worth $1,718,000 after acquiring an additional 17,598 shares during the period. Quantbot Technologies LP grew its position in shares of Archer-Daniels-Midland by 653.3% in the fourth quarter. Quantbot Technologies LP now owns 117,349 shares of the company's stock valued at $5,928,000 after purchasing an additional 101,770 shares during the period. Millstone Evans Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at $76,000. Kiker Wealth Management LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter worth about $544,000. Finally, Semanteon Capital Management LP purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $614,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADM. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets decreased 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. Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Bank of America reduced their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Finally, Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average target price of $53.63.

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Archer-Daniels-Midland Stock Down 0.8 %

Shares of ADM stock traded down $0.41 during trading hours on Friday, reaching $47.87. The company had a trading volume of 2,077,417 shares, compared to its average volume of 3,606,956. The stock's fifty day simple moving average is $47.96 and its 200 day simple moving average is $52.32. The company has a market capitalization of $22.97 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. 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 twelve month low of $44.92 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.36 earnings per share. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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 4.26%. Archer-Daniels-Midland's payout ratio is 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.