PGGM Investments Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

PGGM Investments boosted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 451,661 shares of the company's stock after acquiring an additional 57,469 shares during the quarter. PGGM Investments owned 0.08% of Archer-Daniels-Midland worth $32,619,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Legacy Financial Group LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $30,000. Operose Advisors LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $30,000. Finally, Strengthening Families & Communities LLC increased its stake in Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company's stock valued at $48,000 after acquiring an additional 174 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. Roth Mkm cut shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $98.00 to $66.00 in a research note 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. Finally, Roth Capital downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.50.

Archer-Daniels-Midland Stock Down 1.5 %

ADM stock traded down $0.90 during trading on Friday, reaching $60.10. The stock had a trading volume of 2,708,830 shares, compared to its average volume of 3,430,521. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company's 50 day moving average is $59.07 and its two-hundred day moving average is $65.19. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.39 and a beta of 0.77. 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 (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share 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 company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The firm's revenue was down 11.4% on a year-over-year basis. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are 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.