Virtu Financial LLC Increases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Virtu Financial LLC raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 107.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,015 shares of the company's stock after acquiring an additional 17,598 shares during the period. Virtu Financial LLC's holdings in Archer-Daniels-Midland were worth $1,718,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after buying an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its stake 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 worth $524,531,000 after acquiring an additional 2,296,193 shares during the period. FMR LLC increased its holdings in 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 acquiring an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 hedge funds and other institutional investors.

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Archer-Daniels-Midland Price Performance

ADM stock traded up $1.25 during mid-day trading on Thursday, hitting $48.32. 3,974,903 shares of the stock were exchanged, compared to its average volume of 3,442,228. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.54 and a beta of 0.67. The business has a fifty day moving average price of $48.01 and a 200 day moving average price of $52.34. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

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

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 4.22%. 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 dividend payout ratio is presently 56.51%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley lowered their price target 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. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America reduced their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Barclays cut their price objective on shares of 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. Finally, Citigroup upped 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 given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and a consensus 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.