5 Worst Performing Stocks in S&P 500

2. Archer Daniels Midland Company (NYSE:ADM)

YTD Performance as of February 23: -25.99%

Number of Hedge Fund Holders: 34

Archer Daniels Midland Company (NYSE:ADM) is a major player in the food industry, with a diverse portfolio of products including oils, sweeteners, starches, proteins, and feed ingredients. It engages in every aspect of the food and feed production process, from sourcing and processing raw materials to delivering finished products to customers.

On February 1, Citigroup initiated coverage of Archer Daniels Midland Company (NYSE:ADM) with a price target of $57 and a ‘Neutral’ rating for the shares. The stock ranks #2 on our list of 15 worst performing stocks in S&P 500 based on its year-to-date performance.

As of Q4 2023, Archer Daniels Midland Company (NYSE:ADM) shares were held by 34 hedge funds with a total value of $819 million. Cliff Asness’ AQR Capital Management was its largest hedge fund shareholder with ownership of 2.2 million shares valued at $159 million.