Two Sigma Investments LP Sells 305,534 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Two Sigma Investments LP decreased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,060 shares of the company's stock after selling 305,534 shares during the quarter. Two Sigma Investments LP's holdings in Archer-Daniels-Midland were worth $3,135,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADM. AustralianSuper Pty Ltd raised its holdings in 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 last quarter. Amundi grew its holdings 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. Hickory Point Bank & Trust bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $1,217,000. Semanteon Capital Management LP bought a new position in Archer-Daniels-Midland in the 4th quarter worth $614,000. Finally, Aigen Investment Management LP raised its stake in Archer-Daniels-Midland by 127.7% during the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after purchasing an additional 26,329 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADM has been the topic of a number of recent research reports. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and increased their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Down 0.9%

Shares of ADM traded down $0.45 during mid-day trading on Tuesday, reaching $47.65. 738,551 shares of the stock traded hands, compared to its average volume of 3,524,986. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.54 and a beta of 0.67. The stock has a fifty day simple moving average of $47.50 and a 200 day simple moving average of $48.94. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.28%. Archer-Daniels-Midland's dividend payout ratio is 72.86%.

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.