Archer-Daniels-Midland Company (NYSE:ADM) Position Trimmed by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,429 shares of the company’s stock after selling 1,714 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer-Daniels-Midland were worth $3,859,000 at the end of the most recent quarter.

Several other hedge funds 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 bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $30,000. Operose Advisors LLC bought a new stake in Archer-Daniels-Midland in the third quarter worth $30,000. Finally, Strengthening Families & Communities LLC increased its position in Archer-Daniels-Midland by 37.3% during the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. Barclays downgraded Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a research note on Monday, January 22nd. Robert W. Baird lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Finally, Citigroup upped their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded down $0.57 during mid-day trading on Thursday, reaching $60.99. The stock had a trading volume of 2,726,123 shares, compared to its average volume of 5,959,327. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The firm has a market cap of $30.60 billion, a PE ratio of 9.53 and a beta of 0.77. The firm’s 50 day simple moving average is $58.94 and its 200 day simple moving average is $65.34. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. During the same period last year, the business earned $1.93 earnings per share. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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.