Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp cut its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,972 shares of the company's stock after selling 10,587 shares during the quarter. Hancock Whitney Corp's holdings in Archer-Daniels-Midland were worth $706,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $333,521,000. Pacer Advisors Inc. lifted its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after buying an additional 1,722,428 shares during the period. Invesco Ltd. lifted its stake in Archer-Daniels-Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after acquiring an additional 1,420,625 shares in the last quarter. Finally, Amundi boosted its holdings in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after acquiring an additional 894,562 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the subject of a number of research reports. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup reduced their price objective 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. Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their price target for the company from $48.00 to $47.00 in a research report on Tuesday, April 15th. Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Finally, BMO Capital Markets decreased their price objective 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. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $52.75.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $0.15 during trading hours on Thursday, hitting $47.60. The company had a trading volume of 2,244,513 shares, compared to its average volume of 3,595,185. The business has a 50 day moving average of $46.91 and a 200-day moving average of $50.04. The company has a market cap of $22.84 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year 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 1.39.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.29%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

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.