3,545 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,545 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Archer-Daniels-Midland during the third quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $28,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Finally, Sachetta LLC increased its position in Archer-Daniels-Midland by 39.8% during the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Down 0.9 %

NYSE:ADM opened at $49.38 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company’s fifty day moving average price is $53.94 and its 200-day moving average price is $58.38. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $74.02. The firm has a market capitalization of $23.63 billion, a P/E ratio of 14.11 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.05%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Archer-Daniels-Midland announced that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADM shares. Barclays dropped their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Citigroup boosted 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. BMO Capital Markets lowered their price target on shares of 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 assumed coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. Finally, Morgan Stanley reduced their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One 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.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $60.62.

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.