Quadrature Capital Ltd Decreases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Quadrature Capital Ltd decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 90.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,358 shares of the company's stock after selling 94,150 shares during the period. Quadrature Capital Ltd's holdings in Archer-Daniels-Midland were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland during the 2nd quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new position in Archer-Daniels-Midland during the 2nd quarter valued at approximately $28,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $0.56 during mid-day trading on Monday, hitting $51.98. 2,159,072 shares of the stock were exchanged, compared to its average volume of 4,160,918. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.87 billion, a PE ratio of 14.69 and a beta of 0.72. The firm has a fifty day moving average of $55.17 and a 200 day moving average of $58.92.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%. Archer-Daniels-Midland's dividend payout ratio is currently 57.14%.

Analysts Set New Price Targets

ADM has been the topic of several research reports. Morgan Stanley cut their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a research note on Wednesday, December 4th. Barclays dropped their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a research report on Wednesday, December 4th. UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Citigroup increased 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, December 4th. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and a consensus price target of $61.08.

About Archer-Daniels-Midland

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.