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

Keybank National Association OH reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 32.4% during the second quarter, HoldingsChannel reports. The firm 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.

A number of other hedge funds also recently made changes to their positions in ADM. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $25,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Archer Daniels Midland in the 2nd quarter valued at approximately $32,000. Pandora Wealth Inc. acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $39,000. Finally, Elite Financial Inc. acquired a new stake in shares of Archer Daniels Midland in the 1st quarter valued at approximately $42,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Down 0.2%

Archer Daniels Midland stock opened at $60.58 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $65.00. The firm has a 50 day moving average price of $61.71 and a two-hundred day moving average price of $55.60. The firm has a market cap of $29.10 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (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 during the quarter. Equities analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADM. UBS Group reiterated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average price target of $55.50.

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.