Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 95.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,681 shares of the company's stock after selling 171,420 shares during the period. Worldquant Millennium Advisors LLC's holdings in Archer-Daniels-Midland were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after buying an additional 706,567 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Archer-Daniels-Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC increased its holdings in Archer-Daniels-Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after buying an additional 247,647 shares during the period. Northern Trust Corp boosted its position in Archer-Daniels-Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after purchasing an additional 275,792 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 0.6%

NYSE ADM traded down $0.27 during trading hours on Wednesday, hitting $48.36. 646,566 shares of the company's stock were exchanged, compared to its average volume of 3,553,927. The business's 50 day moving average is $47.35 and its 200-day moving average is $49.08. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The firm has a market capitalization of $23.23 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.22%. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADM shares. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Morgan Stanley decreased their target price on 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. UBS Group upgraded Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and a consensus target price of $52.00.

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.