Van Cleef Asset Management Inc Boosts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Van Cleef Asset Management Inc increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,825 shares of the company’s stock after acquiring an additional 603 shares during the quarter. Archer-Daniels-Midland comprises about 1.4% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 20th biggest holding. Van Cleef Asset Management Inc’s holdings in Archer-Daniels-Midland were worth $9,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Syon Capital LLC grew its stake in shares of Archer-Daniels-Midland by 25.5% in the 4th quarter. Syon Capital LLC now owns 8,373 shares of the company’s stock worth $605,000 after buying an additional 1,699 shares during the last quarter. Community Bank N.A. boosted its stake in Archer-Daniels-Midland by 13.6% during the 4th quarter. Community Bank N.A. now owns 14,160 shares of the company’s stock valued at $1,023,000 after purchasing an additional 1,700 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Archer-Daniels-Midland by 3.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,546 shares of the company’s stock valued at $978,000 after purchasing an additional 401 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Archer-Daniels-Midland by 5.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 25,217 shares of the company’s stock valued at $1,821,000 after purchasing an additional 1,285 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADM. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Bank of America dropped their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. TheStreet cut Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.57 during trading hours on Thursday, hitting $60.99. The stock had a trading volume of 2,726,123 shares, compared to its average volume of 5,959,327. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The stock’s 50-day moving average price is $58.81 and its two-hundred day moving average price is $65.37. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 9.49 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data 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 company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. The company’s revenue was down 11.4% compared to the same quarter last year. Equities analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a share repurchase plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is 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.