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

Quantbot Technologies LP grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 653.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,349 shares of the company's stock after buying an additional 101,770 shares during the quarter. Quantbot Technologies LP's holdings in Archer-Daniels-Midland were worth $5,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ADM. State Street Corp boosted its stake in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after purchasing an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. FMR LLC raised its holdings in shares of Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Archer-Daniels-Midland by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock valued at $195,813,000 after purchasing an additional 268,102 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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Archer-Daniels-Midland Stock Down 1.6 %

Shares of ADM stock traded down $0.75 during trading on Wednesday, hitting $46.93. 5,744,665 shares of the company were exchanged, compared to its average volume of 3,291,410. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 13.00, a P/E/G 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. The business's 50-day simple moving average is $48.55 and its 200 day simple moving average is $52.88. 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 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 business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous year, the company posted $1.36 EPS. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. As a group, analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared 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 represents a $2.04 annualized dividend and a dividend yield of 4.35%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADM shares. Bank of America decreased their price target on shares of 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. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays decreased their price target 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. Morgan Stanley cut their price objective 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. Finally, Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $53.63.

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.