The Manufacturers Life Insurance Company Has $34.58 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

The Manufacturers Life Insurance Company decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 478,818 shares of the company’s stock after selling 6,198 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of Archer-Daniels-Midland worth $34,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADM. Orion Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $28,000. Operose Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $35,000. Finally, Sachetta LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $61.17 on Friday. The company has a market capitalization of $30.24 billion, a P/E ratio of 10.73 and a beta of 0.75. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The stock has a 50 day moving average of $61.45 and a two-hundred day moving average of $62.88.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same quarter in the previous year, the company earned $2.09 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 5.61 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

Archer-Daniels-Midland declared that its board has approved a share buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

ADM has been the subject of a number of analyst reports. Bank of America reduced their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Citigroup upped their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, Jefferies Financial Group lowered their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.50.

Read Our Latest Stock Analysis on ADM

Insider Buying and Selling at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Company Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.