Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Lessened by Keybank National Association OH

Keybank National Association OH decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 59.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,788 shares of the company’s stock after selling 271,614 shares during the quarter. Keybank National Association OH’s holdings in Archer-Daniels-Midland were worth $9,386,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter worth $25,000. Intact Investment Management Inc. bought a new position in Archer-Daniels-Midland during the third quarter valued at about $72,000. National Pension Service boosted its stake in Archer-Daniels-Midland by 5.8% during the third quarter. National Pension Service now owns 1,251,124 shares of the company’s stock valued at $74,742,000 after buying an additional 68,391 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Archer-Daniels-Midland by 700.8% during the third quarter. Catalyst Capital Advisors LLC now owns 2,050 shares of the company’s stock valued at $122,000 after buying an additional 1,794 shares in the last quarter. Finally, Olympiad Research LP bought a new position in Archer-Daniels-Midland during the third quarter valued at about $221,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.0 %

Shares of Archer-Daniels-Midland stock opened at $45.82 on Thursday. The stock has a 50-day moving average price of $48.90 and a 200 day moving average price of $53.69. The company has a market cap of $21.98 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. As a group, analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADM. Bank of America decreased their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.89.

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.