Man Group plc Sells 688,779 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Man Group plc reduced its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 85.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 115,304 shares of the company's stock after selling 688,779 shares during the period. Man Group plc's holdings in Archer-Daniels-Midland were worth $5,825,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after acquiring an additional 514,005 shares during the last quarter. Park Avenue Securities LLC lifted its position in Archer-Daniels-Midland by 9.0% during the fourth quarter. Park Avenue Securities LLC now owns 9,016 shares of the company's stock worth $455,000 after acquiring an additional 744 shares during the last quarter. Merit Financial Group LLC lifted its position in Archer-Daniels-Midland by 11.6% during the fourth quarter. Merit Financial Group LLC now owns 5,344 shares of the company's stock worth $270,000 after acquiring an additional 555 shares during the last quarter. HB Wealth Management LLC lifted its position in Archer-Daniels-Midland by 2.2% during the fourth quarter. HB Wealth Management LLC now owns 35,359 shares of the company's stock worth $1,786,000 after acquiring an additional 768 shares during the last quarter. Finally, MCF Advisors LLC lifted its position in Archer-Daniels-Midland by 20.8% during the fourth quarter. MCF Advisors LLC now owns 4,498 shares of the company's stock worth $227,000 after acquiring an additional 775 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the subject of several research reports. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley cut 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. Citigroup dropped their price target 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, April 15th. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America downgraded shares of 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 report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $52.00.

Archer-Daniels-Midland Price Performance

NYSE:ADM traded up $0.03 during mid-day trading on Friday, reaching $47.99. The stock had a trading volume of 1,674,504 shares, compared to its average volume of 3,568,173. The stock has a 50-day simple moving average of $47.28 and a two-hundred day simple moving average of $49.16. The stock has a market capitalization of $23.06 billion, a PE ratio of 13.29, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 72.86%.

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.