Oxford Asset Management LLP Purchases 1,850 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Oxford Asset Management LLP boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,697 shares of the company’s stock after buying an additional 1,850 shares during the period. Oxford Asset Management LLP’s holdings in Archer-Daniels-Midland were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Archer-Daniels-Midland during the fourth quarter valued at $333,521,000. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. Wellington Management Group LLP grew its position in Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after acquiring an additional 1,722,428 shares in the last quarter. Invesco Ltd. increased its stake in Archer-Daniels-Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after acquiring an additional 1,420,625 shares during the last quarter. Finally, Amundi raised its position in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $48.24 on Friday. The company has a market capitalization of $23.14 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.54 and a beta of 0.66. The company’s 50-day simple moving average is $46.86 and its two-hundred day simple moving average is $50.19. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the business posted $1.36 EPS. Archer-Daniels-Midland’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.23%. This is a boost 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 equities analysts have recently weighed in on the company. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley cut their price objective 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. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Finally, Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $52.75.

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.