Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,825 shares of the company’s stock after purchasing an additional 603 shares during the quarter. Archer-Daniels-Midland comprises approximately 1.4% of Van Cleef Asset Management Inc’s holdings, 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 reporting period.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of Archer-Daniels-Midland by 41.8% in the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after acquiring an additional 2,547,232 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Archer-Daniels-Midland by 27,778.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock valued at $76,114,000 after acquiring an additional 1,005,577 shares during the period. AQR Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 31.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after acquiring an additional 683,984 shares during the period. LSV Asset Management raised its stake in shares of Archer-Daniels-Midland by 33.8% in the 3rd quarter. LSV Asset Management now owns 2,395,296 shares of the company’s stock valued at $180,653,000 after acquiring an additional 605,696 shares during the period. Finally, Nomura Holdings Inc. raised its stake in shares of Archer-Daniels-Midland by 150.1% in the 3rd quarter. Nomura Holdings Inc. now owns 171,629 shares of the company’s stock valued at $12,944,000 after acquiring an additional 513,903 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several research analyst reports. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price for the company. in a research report on Monday, January 22nd. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Finally, Roth Mkm lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the company from $98.00 to $66.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded down $0.57 during midday trading on Thursday, reaching $60.99. 2,726,123 shares of the company traded hands, compared to its average volume of 5,959,327. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The stock has a 50-day moving average price of $58.81 and a 200 day moving average price of $65.37. 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 company has a market cap 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 results on Tuesday, March 12th. The company reported $1.36 EPS 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 business had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter last year, the firm posted $1.93 earnings per share. Archer-Daniels-Midland’s revenue was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.