Manning & Napier Advisors LLC Cuts Stock Position in Archer Daniels Midland Company (NYSE:ADM)

Manning & Napier Advisors LLC lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 21.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,361 shares of the company's stock after selling 39,246 shares during the period. Manning & Napier Advisors LLC's holdings in Archer Daniels Midland were worth $7,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. Advisor OS LLC grew its holdings in Archer Daniels Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after purchasing an additional 212 shares during the last quarter. Allworth Financial LP grew its holdings in Archer Daniels Midland by 9.6% in the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company's stock worth $134,000 after purchasing an additional 232 shares during the last quarter. Silver Coast Investments LLC grew its stake in Archer Daniels Midland by 4.4% during the 4th quarter. Silver Coast Investments LLC now owns 5,608 shares of the company's stock worth $283,000 after buying an additional 235 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after buying an additional 237 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its stake in Archer Daniels Midland by 4.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,023 shares of the company's stock worth $289,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Stock Down 0.7%

NYSE:ADM opened at $53.63 on Monday. The firm has a market capitalization of $25.77 billion, a P/E ratio of 19.15, a PEG ratio of 2.98 and a beta of 0.67. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company's fifty day moving average price is $48.89 and its 200-day moving average price is $48.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.80%. Archer Daniels Midland's payout ratio is 72.86%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADM. Citigroup dropped their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays dropped their target price on shares of Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two equities 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. According to MarketBeat.com, Archer Daniels Midland currently has a consensus rating of "Hold" and an average target price of $52.00.

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.

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