PGGM Investments Grows Position in Archer-Daniels-Midland Company (NYSE:ADM)

PGGM Investments raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,661 shares of the company’s stock after purchasing an additional 57,469 shares during the quarter. PGGM Investments’ holdings in Archer-Daniels-Midland were worth $32,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $30,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $30,000. Finally, Strengthening Families & Communities LLC increased its position in shares of Archer-Daniels-Midland by 37.3% during the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after buying an additional 174 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADM shares. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

NYSE ADM traded down $0.90 on Friday, reaching $60.10. 2,708,830 shares of the company’s stock traded hands, 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 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. The stock has a market cap of $30.16 billion, a PE ratio of 9.39 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $1.93 EPS. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.