Renaissance Technologies LLC Has $19.10 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Renaissance Technologies LLC increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,000 shares of the company's stock after purchasing an additional 90,700 shares during the quarter. Renaissance Technologies LLC owned 0.08% of Archer-Daniels-Midland worth $19,097,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd increased its position in Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after buying an additional 360,844 shares in the last quarter. Amundi raised its holdings in Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after acquiring an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $1,217,000. Semanteon Capital Management LP purchased a new position in Archer-Daniels-Midland during the fourth quarter worth about $614,000. Finally, Aigen Investment Management LP grew its holdings in Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after buying an additional 26,329 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and dropped their price target for the stock from $48.00 to $47.00 in a research report on Tuesday. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Stock Up 3.7 %

Archer-Daniels-Midland stock traded up $1.72 during midday trading on Friday, hitting $47.85. The stock had a trading volume of 3,503,095 shares, compared to its average volume of 3,645,997. The stock has a market cap of $22.96 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.66. The business has a fifty day moving average price of $46.58 and a 200 day moving average price of $50.67. 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 12 month low of $40.98 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

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.