Cozad Asset Management Inc. Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Cozad Asset Management Inc. trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,425 shares of the company’s stock after selling 3,205 shares during the quarter. Archer-Daniels-Midland accounts for about 1.1% of Cozad Asset Management Inc.’s holdings, making the stock its 22nd largest position. Cozad Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $9,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADM. Nordea Investment Management AB lifted its stake in Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after purchasing an additional 139,064 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Archer-Daniels-Midland by 3.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after purchasing an additional 31,700 shares during the last quarter. Pathstone Family Office LLC boosted its position in Archer-Daniels-Midland by 543.2% during the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after purchasing an additional 23,647 shares during the period. Artemis Investment Management LLP raised its position in shares of Archer-Daniels-Midland by 12.3% in the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock valued at $52,946,000 after purchasing an additional 80,245 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Archer-Daniels-Midland by 17.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 599,717 shares of the company’s stock valued at $43,312,000 after buying an additional 87,752 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 3.2 %

Shares of ADM stock traded down $1.97 during mid-day trading on Tuesday, reaching $58.72. The stock had a trading volume of 2,463,074 shares, compared to its average volume of 5,840,602. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The firm has a market capitalization of $29.46 billion, a PE ratio of 9.48 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. The stock’s 50-day moving average price is $59.21 and its two-hundred day moving average price is $65.04.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $96.00 to $61.00 in a research note on Monday, January 22nd. Jefferies Financial Group reduced their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Roth Capital cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their target price for the stock from $116.00 to $56.00 in a research report on Monday, January 22nd. Finally, BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Company 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.