Virtu Financial LLC Buys New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Virtu Financial LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,417 shares of the company's stock, valued at approximately $981,000.

A number of other large investors also recently made changes to their positions in the company. Invst LLC bought a new position in Archer-Daniels-Midland during the third quarter worth about $640,000. Toronto Dominion Bank raised its position in shares of Archer-Daniels-Midland by 5.5% in the third quarter. Toronto Dominion Bank now owns 255,148 shares of the company's stock valued at $15,243,000 after buying an additional 13,320 shares in the last quarter. Barclays PLC grew its position in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after buying an additional 514,005 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Archer-Daniels-Midland by 5.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 256,521 shares of the company's stock worth $15,325,000 after acquiring an additional 13,284 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Archer-Daniels-Midland by 3.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 718,839 shares of the company's stock valued at $42,943,000 after acquiring an additional 24,579 shares during the period. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets reduced their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday. They set an "equal weight" rating and a $55.00 price target for the company. Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Finally, UBS Group increased their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average target price of $60.62.

Archer-Daniels-Midland Trading Down 1.3 %

Archer-Daniels-Midland stock traded down $0.68 during mid-day trading on Friday, hitting $52.40. The company's stock had a trading volume of 2,378,821 shares, compared to its average volume of 4,141,109. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The stock has a market cap of $25.08 billion, a PE ratio of 14.97 and a beta of 0.72. The company has a 50 day moving average of $54.50 and a 200-day moving average of $58.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is currently 57.14%.

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

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.