M&T Bank Corp Sells 4,890 Shares of Archer Daniels Midland Company (NYSE:ADM)

M&T Bank Corp lessened its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 34,935 shares of the company's stock after selling 4,890 shares during the period. M&T Bank Corp's holdings in Archer Daniels Midland were worth $1,678,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Archer Daniels Midland in the fourth quarter worth about $333,521,000. Wellington Management Group LLP boosted its stake in shares of Archer Daniels Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Invesco Ltd. lifted its position in shares of Archer Daniels Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after buying an additional 1,420,625 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after buying an additional 843,662 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Archer Daniels Midland by 20.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after buying an additional 727,675 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of research analyst reports. UBS Group upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Barclays boosted their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup decreased their price objective on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.25.

Archer Daniels Midland Trading Up 0.1%

ADM stock traded up $0.08 during midday trading on Friday, reaching $54.97. 2,190,040 shares of the company traded hands, compared to its average volume of 3,502,286. The firm has a market capitalization of $26.41 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 3.07 and a beta of 0.69. The business has a 50 day moving average of $50.77 and a 200-day moving average of $48.95. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38.

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

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.71%. Archer Daniels Midland's dividend payout ratio is 72.86%.

Archer Daniels Midland 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.