Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,607 shares of the company's stock after selling 17,383 shares during the quarter. Manning & Napier Advisors LLC's holdings in Archer-Daniels-Midland were worth $9,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its holdings in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after buying an additional 500 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley cut their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a report on Wednesday, December 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Finally, Citigroup raised their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $56.89.

Archer-Daniels-Midland Trading Up 0.5 %

ADM traded up $0.26 during trading on Thursday, hitting $51.92. The company's stock had a trading volume of 513,402 shares, compared to its average volume of 2,768,823. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $66.08. The firm's 50 day moving average price is $51.49 and its 200-day moving average price is $56.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a market cap of $24.85 billion, a PE ratio of 14.80 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.85%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

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.