GAMMA Investing LLC Invests $215,000 in Archer-Daniels-Midland Company (NYSE:ADM)

GAMMA Investing LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,972 shares of the company’s stock, valued at approximately $215,000.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ADM shares. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Roth Mkm lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Finally, Jefferies Financial Group lowered their price target on shares of 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 investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $60.99 on Friday. The company’s 50 day simple moving average is $58.94 and its 200-day simple moving average is $65.34. The company 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 debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.79 billion. During the same period in the previous year, the company earned $1.93 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 11.4% on a year-over-year basis. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

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

About Archer-Daniels-Midland

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.