PGGM Investments Acquires 57,469 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

PGGM Investments increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451,661 shares of the company’s stock after buying an additional 57,469 shares during the period. PGGM Investments owned 0.08% of Archer-Daniels-Midland worth $32,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nordea Investment Management AB increased its stake in Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after purchasing an additional 139,064 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Archer-Daniels-Midland by 3.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after purchasing an additional 31,700 shares in the last quarter. Pathstone Family Office LLC increased its stake in Archer-Daniels-Midland by 543.2% in the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock valued at $2,112,000 after purchasing an additional 23,647 shares in the last quarter. Artemis Investment Management LLP increased its stake in Archer-Daniels-Midland by 12.3% in the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock valued at $52,946,000 after purchasing an additional 80,245 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Archer-Daniels-Midland by 17.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 599,717 shares of the company’s stock valued at $43,312,000 after purchasing an additional 87,752 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ADM shares. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Jefferies Financial Group lowered their price objective 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. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $116.00 to $56.00 in a research report on Monday, January 22nd. Bank of America lowered their price objective 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, StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

ADM stock 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. The stock has a market capitalization of $30.16 billion, a PE ratio of 9.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The stock has a 50-day simple moving average of $59.07 and a 200 day simple 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 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 EPS. 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 share repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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.