Boussard & Gavaudan Investment Management LLP Invests $2.24 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,669 shares of the company’s stock, valued at approximately $2,237,000.

Other institutional investors have also bought and sold shares of the company. AustralianSuper Pty Ltd lifted its stake in shares of Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi lifted its position in Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after purchasing an additional 894,562 shares during the period. Hickory Point Bank & Trust bought a new position in Archer-Daniels-Midland during the 4th quarter valued at $1,217,000. Semanteon Capital Management LP acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $614,000. Finally, Aigen Investment Management LP raised its stake in shares of Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after buying an additional 26,329 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $48.32 on Friday. The stock’s fifty day simple moving average is $47.96 and its 200-day simple moving average is $52.32. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. On average, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. Archer-Daniels-Midland’s dividend payout ratio is 56.51%.

Analyst Ratings Changes

ADM has been the topic of a number of research analyst reports. Bank of America lowered their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets cut 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 research note on Wednesday, February 5th. Morgan Stanley decreased their price target 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. Citigroup increased their price objective 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, Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.