Field & Main Bank Has $1.72 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Field & Main Bank grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 7.0% in the fourth quarter, Holdings Channel reports. The fund owned 23,860 shares of the company’s stock after acquiring an additional 1,560 shares during the quarter. Field & Main Bank’s holdings in Archer-Daniels-Midland were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Jeppson Wealth Management LLC increased its stake in shares of Archer-Daniels-Midland by 3.3% in the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after buying an additional 151 shares during the period. Park Avenue Securities LLC raised its holdings in Archer-Daniels-Midland by 1.0% during the 3rd quarter. Park Avenue Securities LLC now owns 16,850 shares of the company’s stock worth $1,271,000 after purchasing an additional 172 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Archer-Daniels-Midland by 37.3% in 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 during the period. Modera Wealth Management LLC boosted its stake in shares of Archer-Daniels-Midland by 3.9% in the 3rd quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock valued at $368,000 after purchasing an additional 182 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Archer-Daniels-Midland by 1.0% during the fourth quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.0 %

Archer-Daniels-Midland stock traded up $0.59 during trading on Monday, hitting $60.69. 2,976,969 shares of the company were exchanged, compared to its average volume of 5,883,352. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $59.21 and its 200 day moving average is $65.04. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company has a market capitalization of $30.45 billion, a P/E ratio of 9.48 and a beta of 0.77.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on ADM. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Bank of America lowered their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their target price for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. Finally, Robert W. Baird lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $96.00 to $61.00 in a report on Monday, January 22nd. One investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

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.