M&T Bank Corp Has $3.59 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

M&T Bank Corp reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 74.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,642 shares of the company’s stock after selling 142,991 shares during the quarter. M&T Bank Corp’s holdings in Archer-Daniels-Midland were worth $3,585,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ADM. Northern Trust Corp lifted its holdings in Archer-Daniels-Midland by 1.9% in the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock worth $1,003,372,000 after purchasing an additional 252,486 shares during the last quarter. Morgan Stanley lifted its stake in shares of Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after buying an additional 2,547,232 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Archer-Daniels-Midland by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock worth $278,779,000 after buying an additional 195,255 shares during the period. AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 31.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after buying an additional 683,984 shares during the last quarter. Finally, LSV Asset Management lifted its position in Archer-Daniels-Midland by 33.8% during the 3rd quarter. LSV Asset Management now owns 2,395,296 shares of the company’s stock worth $180,653,000 after acquiring an additional 605,696 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. Jefferies Financial Group dropped their price objective on 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. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Bank of America cut their price objective on shares of 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. Finally, Citigroup lifted 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. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Up 2.3 %

ADM opened at $61.58 on Wednesday. The firm has a market cap of $30.45 billion, a price-to-earnings ratio of 10.80 and a beta of 0.78. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The firm’s 50-day simple moving average is $59.95 and its 200-day simple moving average is $64.43.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.58 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. Archer-Daniels-Midland’s dividend payout ratio is 35.09%.

Archer-Daniels-Midland 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.