Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,546 shares of the company’s stock after buying an additional 401 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Archer-Daniels-Midland were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $30,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $30,000. Finally, Strengthening Families & Communities LLC raised its holdings in shares of 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 in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADM. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Robert W. Baird downgraded 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 report on Monday, January 22nd. Bank of America decreased their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $60.12 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The firm has a market capitalization 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. The stock’s 50-day simple moving average is $59.07 and its 200-day simple moving average is $65.25.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly 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 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 analysts’ expectations of $23.79 billion. During the same quarter in the previous year, the firm posted $1.93 EPS. Archer-Daniels-Midland’s revenue was down 11.4% on a year-over-year basis. As a group, equities 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 of Directors has authorized a share buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board 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.