Manning & Napier Advisors LLC Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Manning & Napier Advisors LLC cut its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Invesco LLC increased its holdings in Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after buying an additional 211 shares during the last quarter. Swedbank AB raised its position in shares of Archer-Daniels-Midland by 8.0% during the 4th quarter. Swedbank AB now owns 394,281 shares of the company’s stock valued at $19,919,000 after purchasing an additional 29,318 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Archer-Daniels-Midland by 152.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 517,360 shares of the company’s stock valued at $26,137,000 after purchasing an additional 312,566 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after buying an additional 2,296,193 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ADM shares. Barclays decreased their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets dropped their target price on 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 lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Citigroup increased their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Stephens initiated coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Price Performance

ADM opened at $51.74 on Thursday. The firm has a market capitalization of $24.76 billion, a PE ratio of 14.78 and a beta of 0.72. The business’s 50-day moving average is $51.52 and its two-hundred day moving average is $56.19. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.87%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are 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.