Quinn Opportunity Partners LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Quinn Opportunity Partners LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company's stock, valued at approximately $1,010,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Archer-Daniels-Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after purchasing an additional 706,567 shares during the period. Wellington Management Group LLP lifted its stake in Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after buying an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Archer-Daniels-Midland by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after acquiring an additional 247,647 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 valued at $524,531,000 after acquiring an additional 2,296,193 shares during the period. Finally, Invesco Ltd. raised its position in Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

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Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets cut 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. Finally, Bank of America upgraded shares of 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 research report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.34 during midday trading on Tuesday, reaching $46.09. The company's stock had a trading volume of 2,723,162 shares, compared to its average volume of 3,637,218. 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 $40.98 and a fifty-two week high of $66.08. The firm has a market capitalization of $22.11 billion, a PE ratio of 12.77, a P/E/G ratio of 1.54 and a beta of 0.66. The stock's 50 day simple moving average is $46.52 and its 200 day simple moving average is $50.81.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $1.36 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.43%. This is an increase 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 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.