Keybank National Association OH Acquires 1,343 Shares of Archer Daniels Midland Co (NYSE:ADM)

Keybank National Association OH grew its holdings in Archer Daniels Midland Co (NYSE:ADM) by 10.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,268 shares of the company’s stock after purchasing an additional 1,343 shares during the period. Keybank National Association OH’s holdings in Archer Daniels Midland were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. Comerica Securities Inc. lifted its holdings in shares of Archer Daniels Midland by 5.1% during the 4th quarter. Comerica Securities Inc. now owns 6,212 shares of the company’s stock worth $255,000 after acquiring an additional 301 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Archer Daniels Midland by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,382,794 shares of the company’s stock worth $179,562,000 after acquiring an additional 246,133 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Archer Daniels Midland by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after acquiring an additional 700,278 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of Archer Daniels Midland by 41.9% during the 1st quarter. Eqis Capital Management Inc. now owns 7,116 shares of the company’s stock worth $307,000 after acquiring an additional 2,100 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Archer Daniels Midland by 4.0% during the 1st quarter. Strs Ohio now owns 83,329 shares of the company’s stock worth $3,593,000 after acquiring an additional 3,169 shares during the period. 75.00% of the stock is currently owned by institutional investors.

ADM opened at $37.40 on Wednesday. The firm has a 50 day moving average price of $39.99 and a 200 day moving average price of $41.37. The company has a market cap of $21.08 billion, a PE ratio of 10.69 and a beta of 1.05. Archer Daniels Midland Co has a 1 year low of $36.45 and a 1 year high of $52.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 1.55.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The business had revenue of $16.30 billion for the quarter, compared to analyst estimates of $16.79 billion. Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. On average, sell-side analysts predict that Archer Daniels Midland Co will post 2.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, August 21st. Archer Daniels Midland’s dividend payout ratio (DPR) is 40.00%.

In other news, CEO Juan R. Luciano acquired 5,457 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $36.65 per share, with a total value of $199,999.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ray G. Young acquired 3,400 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. 1.11% of the stock is owned by company insiders.

ADM has been the topic of several recent analyst reports. Robert W. Baird reiterated an “outperform” rating and set a $48.00 price objective (down from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Buckingham Research dropped their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, July 19th. BMO Capital Markets raised shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $51.00 in a research report on Monday, April 29th. ValuEngine downgraded shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their target price on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Archer Daniels Midland currently has a consensus rating of “Hold” and an average price target of $49.71.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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