Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,784 shares of the company’s stock after buying an additional 865 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Archer-Daniels-Midland were worth $2,079,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Finally, Strengthening Families & Communities LLC raised its position in shares of 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 buying an additional 174 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of a number of recent analyst reports. Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. UBS Group restated a “neutral” rating and set a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Roth Capital downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Finally, StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Up 0.6 %

Shares of Archer-Daniels-Midland stock traded up $0.37 during trading on Wednesday, hitting $59.03. The stock had a trading volume of 1,950,673 shares, compared to its average volume of 5,844,290. The stock has a 50 day simple moving average of $59.32 and a 200 day simple moving average of $64.94. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The company has a market capitalization of $29.62 billion, a PE ratio of 9.26 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) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. On average, research analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.