Mackenzie Financial Corp Has $2.98 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Mackenzie Financial Corp reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,969 shares of the company's stock after selling 9,751 shares during the quarter. Mackenzie Financial Corp's holdings in Archer-Daniels-Midland were worth $2,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after buying an additional 514,005 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 17.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,246 shares of the company's stock worth $113,000 after acquiring an additional 341 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Archer-Daniels-Midland by 11.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 5,734 shares of the company's stock worth $290,000 after purchasing an additional 609 shares during the period. Blue Trust Inc. grew its position in shares of Archer-Daniels-Midland by 33.2% in the 4th quarter. Blue Trust Inc. now owns 6,387 shares of the company's stock valued at $323,000 after purchasing an additional 1,591 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $45,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded down $0.77 during midday trading on Tuesday, hitting $47.33. 3,690,231 shares of the company's stock were exchanged, compared to its average volume of 3,535,858. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company's 50 day moving average price is $47.48 and its 200 day moving average price is $48.93. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.74 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.31%. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 72.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADM. Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Bank of America downgraded Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets cut their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of "Hold" and a consensus price target of $52.00.

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.