WealthTrust Axiom LLC Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

WealthTrust Axiom LLC raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,069 shares of the company’s stock after buying an additional 427 shares during the period. WealthTrust Axiom LLC’s holdings in Archer-Daniels-Midland were worth $655,000 at the end of the most recent reporting period.

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 purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $28,000. Legacy Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $30,000. Operose Advisors LLC purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $30,000. Finally, Strengthening Families & Communities LLC boosted its position in 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADM. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Barclays lowered shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price for the company. in a report on Monday, January 22nd. Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their target price for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Stock Down 2.8 %

Shares of ADM stock traded down $1.71 during trading hours on Tuesday, hitting $58.98. 3,565,638 shares of the company’s stock traded hands, compared to its average volume of 5,853,896. The stock’s fifty day simple moving average is $59.21 and its two-hundred day simple moving average is $65.04. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The stock has a market cap of $29.59 billion, a price-to-earnings ratio of 9.20 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland declared that its board has initiated a stock buyback plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are 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.