Commerzbank Aktiengesellschaft FI Lowers Position in Archer Daniels Midland Company $ADM

Key Points

• Commerzbank Aktiengesellschaft FI reduced its stake in Archer Daniels Midland Company by 45.1% during the second quarter, bringing its holdings to 27,217 shares worth approximately $1.44 million.
• Recent analyst reports indicate a consensus rating of "Hold" for Archer Daniels Midland, with price targets ranging from $50.00 to $61.00.
• The company declared a quarterly dividend of $0.51 per share on August 20th, representing an annual yield of 3.4% with a payout ratio of 89.87%.

Commerzbank Aktiengesellschaft FI cut its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 45.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,217 shares of the company's stock after selling 22,385 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Archer Daniels Midland were worth $1,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. S.A. Mason LLC bought a new stake in Archer Daniels Midland during the first quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Archer Daniels Midland during the first quarter valued at about $25,000. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland during the second quarter valued at about $25,000. ORG Partners LLC raised its holdings in Archer Daniels Midland by 297.2% during the first quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the period. Finally, NBC Securities Inc. bought a new stake in Archer Daniels Midland during the first quarter valued at about $37,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Archer Daniels Midland in a report on Wednesday. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Barclays raised 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 report on Wednesday, August 6th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Trading Down 0.7%

Shares of NYSE ADM opened at $60.86 on Friday. The business's 50 day moving average is $60.78 and its two-hundred day moving average is $53.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a 1-year low of $40.98 and a 1-year high of $64.38. The stock has a market capitalization of $29.24 billion, a P/E ratio of 26.81, a PEG ratio of 3.27 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.70 billion for the quarter. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. 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 payout ratio is presently 89.87%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.