Russell Investments Group Ltd. Trims Position in Archer-Daniels-Midland Company (NYSE:ADM)

Russell Investments Group Ltd. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 27.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 444,080 shares of the company’s stock after selling 168,105 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Archer-Daniels-Midland worth $32,072,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Jeppson Wealth Management LLC raised its position in Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after buying an additional 151 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of 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 period. Strengthening Families & Communities LLC grew its stake 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 worth $48,000 after purchasing an additional 174 shares during the period. Modera Wealth Management LLC grew its stake in shares of Archer-Daniels-Midland by 3.9% during the 3rd quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock worth $368,000 after purchasing an additional 182 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Archer-Daniels-Midland by 1.0% during the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after purchasing an additional 183 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Down 3.3 %

NYSE ADM opened at $58.66 on Wednesday. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $59.32 and its 200-day simple moving average is $64.94. The firm has a market cap of $29.43 billion, a PE ratio of 9.17 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The business had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has approved a stock repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of analyst reports. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Stifel Nicolaus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price target for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.50.

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.