Manning & Napier Group LLC Has $6.88 Million Stake in Archer Daniels Midland Co (NYSE:ADM)

Manning & Napier Group LLC boosted its position in Archer Daniels Midland Co (NYSE:ADM) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of Archer Daniels Midland by 1.5% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 18,412 shares of the company’s stock valued at $794,000 after purchasing an additional 272 shares during the period. First Midwest Bank Trust Division raised its holdings in shares of Archer Daniels Midland by 1.0% during the second quarter. First Midwest Bank Trust Division now owns 28,581 shares of the company’s stock valued at $1,166,000 after purchasing an additional 272 shares during the period. Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of Archer Daniels Midland by 0.5% during the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 60,841 shares of the company’s stock valued at $2,482,000 after purchasing an additional 300 shares during the period. Cornerstone Advisors Inc. raised its holdings in shares of Archer Daniels Midland by 48.9% during the second quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock valued at $37,000 after purchasing an additional 301 shares during the period. Finally, Securian Asset Management Inc raised its holdings in shares of Archer Daniels Midland by 0.7% during the second quarter. Securian Asset Management Inc now owns 57,711 shares of the company’s stock valued at $2,355,000 after purchasing an additional 402 shares during the period. Institutional investors and hedge funds own 76.08% of the company’s stock.

In other Archer Daniels Midland news, CEO Juan R. Luciano bought 5,457 shares of the stock in a transaction that occurred on 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ray G. Young acquired 3,400 shares of Archer Daniels Midland stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. Corporate insiders own 1.11% of the company’s stock.

ADM opened at $40.46 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. Archer Daniels Midland Co has a fifty-two week low of $36.45 and a fifty-two week high of $49.77. The firm 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 moving average is $39.65 and its 200 day moving average is $40.62.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The business had revenue of $16.30 billion during the quarter, compared to analyst estimates of $16.79 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The company’s revenue was down 4.5% on a year-over-year basis. As a group, analysts expect that Archer Daniels Midland Co will post 2.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 22nd were issued a $0.35 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. Archer Daniels Midland’s dividend payout ratio is presently 40.00%.

Several equities analysts have recently weighed in on ADM shares. ValuEngine upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Buckingham Research dropped their price objective on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, July 19th. 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 report on Wednesday, June 26th. Stephens started coverage on shares of Archer Daniels Midland in a report on Monday, October 7th. They issued an “overweight” rating and a $50.00 target price on the stock. Finally, Robert W. Baird set a $48.00 target price on shares of Archer Daniels Midland and gave the stock a “buy” rating in a report on Monday, August 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.75.

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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