Manning & Napier Group LLC Acquires 284 Shares of Archer Daniels Midland Co (NYSE:ADM)

Manning & Napier Group LLC increased its holdings in Archer Daniels Midland Co (NYSE:ADM) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,416 shares of the company’s stock after buying an additional 284 shares during the period. Manning & Napier Group LLC’s holdings in Archer Daniels Midland were worth $6,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADM. Butensky & Cohen Financial Security Inc. lifted its stake in Archer Daniels Midland by 15.4% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 58,905 shares of the company’s stock worth $2,419,000 after purchasing an additional 7,845 shares in the last quarter. Old North State Trust LLC lifted its stake in Archer Daniels Midland by 31.9% in the 3rd quarter. Old North State Trust LLC now owns 11,260 shares of the company’s stock worth $462,000 after purchasing an additional 2,725 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Archer Daniels Midland by 63.8% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,956 shares of the company’s stock worth $80,000 after purchasing an additional 762 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in Archer Daniels Midland in the 3rd quarter worth approximately $267,000. Finally, Weather Gauge Advisory LLC lifted its stake in Archer Daniels Midland by 4.9% in the 3rd quarter. Weather Gauge Advisory LLC now owns 12,408 shares of the company’s stock worth $510,000 after purchasing an additional 585 shares in the last quarter. 76.08% of the stock is owned by institutional investors.

NYSE ADM opened at $40.46 on Friday. Archer Daniels Midland Co has a 1 year low of $36.45 and a 1 year high of $49.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. The stock has a market capitalization of $22.54 billion, a PE ratio of 11.56 and a beta of 1.07. The company’s 50 day simple moving average is $39.65 and its two-hundred day simple moving average is $40.62.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS. On average, research analysts anticipate that Archer Daniels Midland Co will post 2.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 40.00%.

Several analysts have issued reports on ADM shares. Buckingham Research lowered their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Stephens started coverage on shares of Archer Daniels Midland in a research note on Monday, October 7th. They issued an “overweight” rating and a $50.00 target price on the stock. Robert W. Baird set a $48.00 target price on shares of Archer Daniels Midland and gave the stock a “buy” rating in a research note on Monday, August 26th. Stifel Nicolaus lowered their target price on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Finally, ValuEngine upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Buy” and an average price target of $49.75.

In related news, CFO Ray G. Young acquired 3,400 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $36.74 per share, for a total transaction of $124,916.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Juan R. Luciano acquired 5,457 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $36.65 per share, for a total transaction of $199,999.05. The disclosure for this purchase can be found here. Company insiders own 1.11% of the company’s stock.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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