Bank Julius Baer & Co. Ltd Zurich Has $206,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 60.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,851 shares of the company’s stock after selling 4,376 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Archer-Daniels-Midland were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of Archer-Daniels-Midland by 12.8% during the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock worth $88,534,000 after purchasing an additional 139,064 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Archer-Daniels-Midland by 3.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock worth $80,896,000 after buying an additional 31,700 shares during the period. Pathstone Family Office LLC lifted its position in shares of Archer-Daniels-Midland by 543.2% during the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after buying an additional 23,647 shares during the period. Artemis Investment Management LLP lifted its position in shares of Archer-Daniels-Midland by 12.3% during the 4th quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock worth $52,946,000 after buying an additional 80,245 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position 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 worth $43,312,000 after buying an additional 87,752 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.5 %

ADM stock opened at $60.10 on Friday. 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 Company has a twelve month low of $50.72 and a twelve month high of $87.30. The business has a fifty day moving average of $59.07 and a 200-day moving average of $65.19. The company has a market cap of $30.16 billion, a P/E ratio of 9.39 and a beta of 0.77.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program 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 programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

ADM has been the subject of several analyst reports. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Bank of America cut their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group cut their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.50.

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.