Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,851 shares of the company’s stock after selling 4,376 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Archer-Daniels-Midland were worth $206,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $30,000. Operose Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $30,000. Finally, Strengthening Families & Communities LLC raised its position in shares of Archer-Daniels-Midland by 37.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after acquiring an additional 174 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Robert W. Baird lowered Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. UBS Group reissued a “neutral” rating and set a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Roth Mkm lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. Finally, Citigroup increased their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Trading Down 1.5 %

NYSE:ADM opened at $60.10 on Friday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77. The business has a fifty day moving average of $59.07 and a 200-day moving average of $65.19. 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 declared that its board has initiated a stock buyback program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically 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.