Worldquant Millennium Advisors LLC Sells 171,420 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Archer-Daniels-Midland by 1.1% in the 4th 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 boosted 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 worth $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Geode Capital Management LLC grew its position in shares of Archer-Daniels-Midland by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after purchasing an additional 247,647 shares during the last quarter. Northern Trust Corp increased its stake in shares of Archer-Daniels-Midland by 2.6% during the fourth 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 during the period. Finally, Pacer Advisors Inc. lifted its holdings in Archer-Daniels-Midland by 28.4% during 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 during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

ADM stock traded up $0.70 during mid-day trading on Tuesday, hitting $48.64. The stock had a trading volume of 1,143,323 shares, compared to its average volume of 4,167,440. The firm has a fifty day simple moving average of $47.30 and a 200 day simple moving average of $49.08. 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 52 week low of $40.98 and a 52 week high of $66.08. The firm has a market capitalization of $23.37 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. Archer-Daniels-Midland's revenue was down 7.7% on a year-over-year basis. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ADM shares. Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley dropped 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 research note on Tuesday, February 11th. Barclays decreased their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Finally, UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus 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.