Keybank National Association OH Has $3.86 Million Position in Archer Daniels Midland Company (NYSE:ADM)

Keybank National Association OH lessened its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 56.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,353 shares of the company's stock after selling 105,435 shares during the quarter. Keybank National Association OH's holdings in Archer Daniels Midland were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Archer Daniels Midland in the 4th quarter valued at about $25,000. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the 1st quarter valued at about $25,000. CoreFirst Bank & Trust acquired a new stake in Archer Daniels Midland in the 4th quarter valued at about $30,000. ORG Partners LLC increased its position in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Archer Daniels Midland in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ADM. Barclays raised their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday. Bank of America cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup lowered their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.25.

Archer Daniels Midland Trading Down 1.8%

Shares of NYSE:ADM traded down $1.01 during trading on Friday, hitting $54.90. 2,259,865 shares of the company's stock were exchanged, compared to its average volume of 3,517,955. The firm has a market cap of $26.37 billion, a P/E ratio of 19.61, a PEG ratio of 3.07 and a beta of 0.69. The firm has a 50-day moving average price of $50.09 and a two-hundred day moving average price of $48.79. The company has a current ratio of 1.38, 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 $40.98 and a 1-year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 earnings per share. Equities analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is currently 72.86%.

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.