Quadrature Capital Ltd Invests $7.37 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Quadrature Capital Ltd acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 117,308 shares of the company’s stock, valued at approximately $7,366,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Vanguard Group Inc. grew its position in Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after acquiring an additional 7,320,289 shares during the last quarter. Norges Bank bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $420,457,000. Wellington Management Group LLP raised its position in Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after purchasing an additional 1,532,284 shares during the period. ProShare Advisors LLC lifted its stake in Archer-Daniels-Midland by 40.7% in the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after purchasing an additional 957,270 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Archer-Daniels-Midland by 99.8% during the first quarter. Van ECK Associates Corp now owns 1,510,081 shares of the company’s stock valued at $94,848,000 after buying an additional 754,434 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.0 %

Shares of ADM traded up $0.66 during mid-day trading on Friday, reaching $63.98. The company had a trading volume of 2,048,324 shares, compared to its average volume of 3,101,253. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 11.22 and a beta of 0.74. The firm has a 50-day moving average price of $61.91 and a 200 day moving average price of $60.04. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.29.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 earnings per share. On average, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Citigroup lowered their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.43.

Archer-Daniels-Midland Company 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.