Cedar Point Capital Partners LLC Invests $475,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Cedar Point Capital Partners LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, Holdings Channel.com reports. The firm bought 6,571 shares of the company’s stock, valued at approximately $475,000.

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

Archer-Daniels-Midland Stock Down 1.5 %

Shares of ADM traded down $0.90 during trading hours 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. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The firm has a 50-day simple moving average of $59.07 and a 200 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. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $1.93 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities research analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on ADM. BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. Bank of America decreased 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. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.50.

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.