Nilsine Partners LLC Has $306,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Nilsine Partners LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 31.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,871 shares of the company’s stock after selling 2,214 shares during the period. Nilsine Partners LLC’s holdings in Archer-Daniels-Midland were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ADM. Orion Capital Management LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Legacy Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $30,000. Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $30,000. Finally, Rise Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $2.03 during trading on Tuesday, hitting $58.66. The company had a trading volume of 6,728,011 shares, compared to its average volume of 5,893,585. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $59.32 and its two-hundred day moving average is $64.94. The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 9.17 and a beta of 0.77.

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

Analysts Set New Price Targets

A number of analysts have commented on ADM shares. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price target for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. Roth Mkm lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. Finally, StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

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.