Syon Capital LLC Acquires 1,699 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Syon Capital LLC lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 25.5% in the fourth quarter, HoldingsChannel reports. The fund owned 8,373 shares of the company’s stock after buying an additional 1,699 shares during the period. Syon Capital LLC’s holdings in Archer-Daniels-Midland were worth $605,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ADM. Avior Wealth Management LLC increased its stake in shares of Archer-Daniels-Midland by 4.9% in the third quarter. Avior Wealth Management LLC now owns 6,004 shares of the company’s stock worth $453,000 after buying an additional 281 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Archer-Daniels-Midland by 34.5% in the third quarter. GHP Investment Advisors Inc. now owns 701 shares of the company’s stock worth $51,000 after buying an additional 180 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Archer-Daniels-Midland by 119.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,077 shares of the company’s stock worth $81,000 after buying an additional 586 shares during the period. Oak Thistle LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth $1,103,000. Finally, Czech National Bank increased its stake in shares of Archer-Daniels-Midland by 45.3% in the third quarter. Czech National Bank now owns 93,699 shares of the company’s stock worth $7,067,000 after buying an additional 29,225 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.90 during midday trading on Friday, hitting $60.10. The stock had a trading volume of 2,707,996 shares, compared to its average volume of 5,919,191. The firm’s fifty day moving average is $58.94 and its two-hundred day moving average is $65.34. The company has a market capitalization of $30.16 billion, a PE ratio of 9.39 and a beta of 0.77. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. 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 (NYSE:ADM) last posted its earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. On average, research analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.