WealthTrust Axiom LLC Has $655,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

WealthTrust Axiom LLC lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,069 shares of the company’s stock after acquiring an additional 427 shares during the quarter. WealthTrust Axiom LLC’s holdings in Archer-Daniels-Midland were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADM. 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 purchasing an additional 151 shares during the last quarter. Park Avenue Securities LLC raised its position in 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 last quarter. Strengthening Families & Communities LLC raised its position in 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 last quarter. Modera Wealth Management LLC raised its position in 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 last quarter. Finally, Signaturefd LLC raised its position in 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 last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. Barclays lowered 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. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Robert W. Baird lowered Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $116.00 to $56.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Down 2.8 %

Archer-Daniels-Midland stock traded down $1.71 during midday trading on Tuesday, reaching $58.98. The stock had a trading volume of 3,565,638 shares, compared to its average volume of 5,853,896. The company has a market capitalization of $29.59 billion, a P/E ratio of 9.20 and a beta of 0.77. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The company has a fifty day moving average price of $59.21 and a two-hundred day moving average price of $65.04.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland 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.