Cedar Point Capital Partners LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Cedar Point Capital Partners LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,571 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds also recently made changes to their positions in the business. Meixler Investment Management Ltd. raised its stake in shares of Archer-Daniels-Midland by 6.9% in the 4th quarter. Meixler Investment Management Ltd. now owns 18,469 shares of the company’s stock valued at $1,334,000 after buying an additional 1,195 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Archer-Daniels-Midland by 4,518.4% during the 4th quarter. Headlands Technologies LLC now owns 7,297 shares of the company’s stock worth $527,000 after purchasing an additional 7,139 shares in the last quarter. Van Cleef Asset Management Inc increased its position in shares of Archer-Daniels-Midland by 0.4% during the 4th quarter. Van Cleef Asset Management Inc now owns 134,825 shares of the company’s stock worth $9,737,000 after purchasing an additional 603 shares in the last quarter. Syon Capital LLC increased its position in shares of Archer-Daniels-Midland by 25.5% during the 4th quarter. Syon Capital LLC now owns 8,373 shares of the company’s stock worth $605,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Community Bank N.A. increased its position in shares of Archer-Daniels-Midland by 13.6% during the 4th quarter. Community Bank N.A. now owns 14,160 shares of the company’s stock worth $1,023,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.5 %

Shares of NYSE:ADM traded down $0.90 during mid-day trading on Friday, reaching $60.10. The stock had a trading volume of 2,708,830 shares, compared to its average volume of 3,430,521. The firm has a market cap of $30.16 billion, a PE ratio of 9.39 and a beta of 0.77. The firm has a 50 day simple moving average of $59.07 and a two-hundred day simple moving average of $65.25. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30.

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

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. Jefferies Financial Group decreased their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.50.

About Archer-Daniels-Midland

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.