Stevens Capital Management LP Sells 23,797 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Stevens Capital Management LP reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 81.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,329 shares of the company's stock after selling 23,797 shares during the quarter. Stevens Capital Management LP's holdings in Archer-Daniels-Midland were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in Archer-Daniels-Midland by 1.9% in the third quarter. Northern Trust Corp now owns 13,303,791 shares of the company's stock valued at $1,003,372,000 after buying an additional 252,486 shares during the period. Morgan Stanley lifted its stake in Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company's stock valued at $651,737,000 after buying an additional 2,547,232 shares during the period. Ameriprise Financial Inc. grew its position in shares of Archer-Daniels-Midland by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company's stock worth $278,779,000 after buying an additional 195,255 shares during the period. AQR Capital Management LLC increased 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 last quarter. Finally, LSV Asset Management raised its position 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. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ADM. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating for the company in a research note on Wednesday, March 13th. The Goldman Sachs Group lowered Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Robert W. Baird lowered Archer-Daniels-Midland from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. UBS Group restated 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. Finally, Barclays lowered shares of Archer-Daniels-Midland from an "overweight" rating to an "underweight" rating and set a $60.00 price objective on the stock. in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded down $0.88 during mid-day trading on Friday, hitting $60.12. The stock had a trading volume of 2,708,563 shares, compared to its average volume of 5,919,198. The company's 50 day simple moving average is $58.94 and its 200 day simple moving average is $65.34. The stock has a market cap of $30.17 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77. 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 twelve month low of $50.72 and a twelve month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The business's revenue was down 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership 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.

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