Field & Main Bank Has $1.72 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Field & Main Bank increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,860 shares of the company’s stock after purchasing an additional 1,560 shares during the period. Field & Main Bank’s holdings in Archer-Daniels-Midland were worth $1,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Tompkins Financial Corp acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $30,000. Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the third quarter valued at $30,000. Finally, Strengthening Families & Communities LLC boosted its stake in Archer-Daniels-Midland by 37.3% during the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.0 %

NYSE ADM traded up $0.59 during trading hours on Monday, hitting $60.69. The company’s stock had a trading volume of 2,976,969 shares, compared to its average volume of 5,883,352. The stock has a fifty day moving average of $59.21 and a 200 day moving average of $65.04. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The firm has a market capitalization of $30.45 billion, a P/E ratio of 9.48 and a beta of 0.77.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase plan 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 plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ADM shares. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Citigroup lifted their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Jefferies Financial Group cut their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Finally, StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. One 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.50.

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.