Cwm LLC Decreases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Cwm LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,324 shares of the company’s stock after selling 491 shares during the period. Cwm LLC’s holdings in Archer-Daniels-Midland were worth $1,323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Archer-Daniels-Midland by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,724 shares of the company’s stock worth $3,663,000 after acquiring an additional 421 shares during the last quarter. Signaturefd LLC raised its holdings in Archer-Daniels-Midland by 1.0% in the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after acquiring an additional 183 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Archer-Daniels-Midland by 8.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 3,554 shares of the company’s stock worth $257,000 after acquiring an additional 262 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Archer-Daniels-Midland by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 2,193 shares of the company’s stock worth $158,000 after acquiring an additional 807 shares during the last quarter. Finally, abrdn plc grew its position in Archer-Daniels-Midland by 32.9% in the 4th quarter. abrdn plc now owns 425,311 shares of the company’s stock worth $30,716,000 after purchasing an additional 105,361 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their target price for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. Bank of America cut their target price 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, Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Trading Down 1.4 %

Shares of Archer-Daniels-Midland stock opened at $60.12 on Friday. The company has a market capitalization of $30.17 billion, a P/E ratio of 9.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The company has a fifty day moving average of $59.07 and a 200 day moving average of $65.25. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly 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). The company had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share 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 repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.