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

Two Sigma Investments LP cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 83.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ADM. Hantz Financial Services Inc. raised its position in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after acquiring an additional 210 shares during the last quarter. Advisor OS LLC raised its position in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock worth $231,000 after acquiring an additional 212 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Archer-Daniels-Midland by 1.1% during the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock worth $1,075,000 after acquiring an additional 226 shares during the last quarter. Allworth Financial LP raised its position in shares of Archer-Daniels-Midland by 9.6% during the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company’s stock worth $134,000 after acquiring an additional 232 shares during the last quarter. Finally, Silver Coast Investments LLC raised its position in shares of Archer-Daniels-Midland by 4.4% during the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company’s stock worth $283,000 after acquiring an additional 235 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ADM shares. Stephens lowered their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. 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. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Morgan Stanley lowered their target price on 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. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Trading Up 0.0%

NYSE ADM opened at $48.37 on Friday. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The business has a 50 day moving average price of $47.44 and a 200-day moving average price of $49.04. 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 (NYSE:ADM) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.22%. 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.