Headlands Technologies LLC Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Headlands Technologies LLC increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4,518.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,297 shares of the company’s stock after purchasing an additional 7,139 shares during the period. Headlands Technologies LLC’s holdings in Archer-Daniels-Midland were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Van Cleef Asset Management Inc boosted its holdings in Archer-Daniels-Midland by 0.4% in the fourth quarter. Van Cleef Asset Management Inc now owns 134,825 shares of the company’s stock valued at $9,737,000 after acquiring an additional 603 shares during the last quarter. Syon Capital LLC increased its holdings in Archer-Daniels-Midland by 25.5% in the fourth quarter. Syon Capital LLC now owns 8,373 shares of the company’s stock valued at $605,000 after buying an additional 1,699 shares during the last quarter. Community Bank N.A. increased its holdings in Archer-Daniels-Midland by 13.6% in the fourth quarter. Community Bank N.A. now owns 14,160 shares of the company’s stock valued at $1,023,000 after buying an additional 1,700 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Archer-Daniels-Midland by 3.1% during the fourth 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. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Archer-Daniels-Midland by 5.4% during the fourth 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. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 1.5 %

NYSE ADM traded down $0.90 on Friday, reaching $60.10. The company had a trading volume of 2,708,830 shares, compared to its average volume of 3,430,521. The company’s fifty day moving average is $59.07 and its 200-day moving average is $65.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $23.79 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, research analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. The Goldman Sachs Group lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $67.00 in a report on Monday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Jefferies Financial Group reduced their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Citigroup boosted their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.