Sigma Planning Corp Reduces Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Sigma Planning Corp decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 57.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,959 shares of the company’s stock after selling 10,535 shares during the period. Sigma Planning Corp’s holdings in Archer-Daniels-Midland were worth $575,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Finally, Strengthening Families & Communities LLC lifted its holdings 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 acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $61.57 on Thursday. 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 quick ratio of 0.95 and a current ratio of 1.60. The company has a 50 day moving average price of $58.81 and a 200 day moving average price of $65.37. The firm has a market capitalization of $30.89 billion, a price-to-earnings ratio of 9.62 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results 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 net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.79 billion. During the same quarter last year, the company posted $1.93 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate 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 buyback plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ADM shares. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Roth Capital downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.