Worldquant Millennium Advisors LLC Has $10.76 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Worldquant Millennium Advisors LLC decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 78.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,101 shares of the company’s stock after selling 661,537 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Archer-Daniels-Midland were worth $10,759,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $51.42 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a twelve month low of $48.92 and a twelve month high of $77.35. The firm’s 50 day moving average price is $55.17 and its two-hundred day moving average price is $58.95. The firm has a market cap of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several analyst reports. BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday. Barclays reduced their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.08.

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.