Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4,518.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,297 shares of the company’s stock after acquiring an additional 7,139 shares during the period. Headlands Technologies LLC’s holdings in Archer-Daniels-Midland were worth $527,000 at the end of the most recent quarter.

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

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded down $0.90 during trading on Friday, hitting $60.10. 2,708,830 shares of the stock were exchanged, compared to its average volume of 3,430,521. 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 capitalization of $30.16 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77. The company has a fifty day moving average price of $59.07 and a 200-day moving average price of $65.25. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The business had revenue of $22.98 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS. As a group, equities 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 authorized a share buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADM shares. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research report on Monday, January 22nd. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. Roth Mkm lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $98.00 to $66.00 in a report on Monday, January 22nd. Finally, Robert W. Baird lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $96.00 to $61.00 in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.50.

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.