Stanley Laman Group Ltd. Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

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

Several other large investors have also recently added to or reduced their stakes in the business. Morgan Stanley grew 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 acquiring an additional 2,547,232 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Archer-Daniels-Midland by 27,778.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock worth $76,114,000 after purchasing an additional 1,005,577 shares in the last quarter. AQR Capital Management LLC increased its holdings in Archer-Daniels-Midland by 31.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock worth $216,026,000 after purchasing an additional 683,984 shares during the period. LSV Asset Management raised its position in Archer-Daniels-Midland by 33.8% in the 3rd quarter. LSV Asset Management now owns 2,395,296 shares of the company’s stock valued at $180,653,000 after purchasing an additional 605,696 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its stake in shares of Archer-Daniels-Midland by 150.1% in the 3rd quarter. Nomura Holdings Inc. now owns 171,629 shares of the company’s stock valued at $12,944,000 after buying an additional 513,903 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded down $0.57 during trading hours on Thursday, reaching $60.99. 2,726,123 shares of the company’s stock were exchanged, compared to its average volume of 5,959,327. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $30.60 billion, a price-to-earnings ratio of 9.53 and a beta of 0.77. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The company has a 50-day moving average of $58.94 and a 200 day moving average of $65.34.

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

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays cut shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a report on Monday, January 22nd. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their target price for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. 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 research report on Friday, January 26th. Finally, Jefferies Financial Group cut their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $67.50.

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.