Aigen Investment Management LP Has $946,000 Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• Aigen Investment Management LP has significantly reduced its stake in Archer Daniels Midland Company, cutting its holdings by 58% to 19,710 shares, valued at approximately $946,000.
• The stock has received mixed analyst ratings, with UBS Group upgrading it to a buy and a price target increase to $60.00, while Citigroup lowered its price target from $51.00 to $49.00.
• Archer Daniels Midland recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend of $2.04 with a yield of 3.5%.

Aigen Investment Management LP cut its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 58.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,710 shares of the company's stock after selling 27,240 shares during the period. Aigen Investment Management LP's holdings in Archer Daniels Midland were worth $946,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ADM. Foundations Investment Advisors LLC grew its position in Archer Daniels Midland by 5.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,310 shares of the company's stock valued at $207,000 after purchasing an additional 220 shares during the period. Capital Advisors Ltd. LLC grew its position in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock valued at $38,000 after purchasing an additional 237 shares during the period. Sagespring Wealth Partners LLC grew its position in Archer Daniels Midland by 4.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock valued at $289,000 after purchasing an additional 239 shares during the period. Stolper Co grew its position in Archer Daniels Midland by 0.8% in the 1st quarter. Stolper Co now owns 33,691 shares of the company's stock valued at $1,618,000 after purchasing an additional 275 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in Archer Daniels Midland by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,296 shares of the company's stock valued at $254,000 after purchasing an additional 326 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the topic of a number of analyst reports. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup cut their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and a consensus target price of $51.86.

Archer Daniels Midland Trading Down 0.2%

Shares of ADM opened at $57.77 on Monday. The business's 50-day moving average price is $53.34 and its 200-day moving average price is $49.57. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $62.61. The stock has a market cap of $27.76 billion, a PE ratio of 25.45, a P/E/G ratio of 3.08 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The firm had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company's revenue was down 4.9% on a year-over-year basis. On average, equities analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. Archer Daniels Midland's dividend payout ratio is currently 89.87%.

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.

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