Guyasuta Investment Advisors Inc. Sells 400 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Guyasuta Investment Advisors Inc. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.2% in the 4th quarter, Holdings Channel reports. The fund owned 6,100 shares of the company’s stock after selling 400 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Tompkins Financial Corp purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Legacy Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Operose Advisors LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Finally, Strengthening Families & Communities LLC lifted its holdings 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 in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADM. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Roth Mkm downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price target for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. Jefferies Financial Group decreased their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Finally, The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $60.69 on Tuesday. 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 firm has a fifty day moving average price of $59.21 and a 200 day moving average price of $65.04. 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 cap of $30.45 billion, a price-to-earnings ratio of 9.48 and a beta of 0.77.

Archer-Daniels-Midland announced that its board has initiated a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.