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

Quantbot Technologies LP raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 653.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,349 shares of the company’s stock after acquiring an additional 101,770 shares during the period. Quantbot Technologies LP’s holdings in Archer-Daniels-Midland were worth $5,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. AustralianSuper Pty Ltd boosted its holdings in Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after acquiring an additional 360,844 shares during the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $1,217,000. Amundi grew its stake in shares of Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after acquiring an additional 894,562 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $8,677,000. Finally, Private Advisor Group LLC boosted its stake in Archer-Daniels-Midland by 54.1% in the 4th quarter. Private Advisor Group LLC now owns 46,896 shares of the company’s stock worth $2,369,000 after purchasing an additional 16,456 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.0 %

ADM opened at $47.26 on Friday. The business’s 50-day simple moving average is $48.62 and its 200-day simple moving average is $53.17. 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 one year low of $44.92 and a one year high of $66.08. The stock has a market capitalization of $22.67 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results 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 firm had revenue of $21.50 billion for 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 was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.32%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup raised their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley dropped their target price 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. Bank of America decreased their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays reduced 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.63.

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.