Keybank National Association OH Has $2.87 Million Position in Archer Daniels Midland Company $ADM

Keybank National Association OH lowered its position in Archer Daniels Midland Company (NYSE:ADM) by 32.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,336 shares of the company’s stock after selling 26,017 shares during the quarter. Keybank National Association OH’s holdings in Archer Daniels Midland were worth $2,868,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the second quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Archer Daniels Midland in the first quarter valued at about $25,000. Trust Co. of Toledo NA OH bought a new position in shares of Archer Daniels Midland in the second quarter valued at about $32,000. Pandora Wealth Inc. bought a new position in shares of Archer Daniels Midland in the first quarter valued at about $39,000. Finally, Elite Financial Inc. bought a new position in shares of Archer Daniels Midland in the first quarter valued at about $42,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE:ADM opened at $60.58 on Friday. The company has a market capitalization of $29.10 billion, a P/E ratio of 26.69, a P/E/G ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The business’s 50 day simple moving average is $61.71 and its 200 day simple moving average is $55.60.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm had revenue of $21.70 billion for the quarter. On average, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADM. Morgan Stanley increased their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective on the stock. Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.50.

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.