Two Sigma Advisers LP Purchases 159,900 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Two Sigma Advisers LP lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 81.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,000 shares of the company's stock after buying an additional 159,900 shares during the quarter. Two Sigma Advisers LP owned about 0.07% of Archer-Daniels-Midland worth $21,327,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position 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 worth approximately $27,000. Altshuler Shaham Ltd acquired a new position in 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 in the 3rd quarter valued at approximately $28,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded down $0.86 on Friday, reaching $51.42. The stock had a trading volume of 2,766,682 shares, compared to its average volume of 2,943,136. The stock has a market cap of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $77.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The company has a 50 day simple moving average of $55.17 and a 200 day simple moving average of $58.95.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 annualized dividend and a yield of 3.89%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday. BMO Capital Markets reduced their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a report on Wednesday. Barclays reduced their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a report on Wednesday. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, Morgan Stanley reduced their price objective on 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. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.