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

Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 45.1% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. SOA Wealth Advisors LLC. bought a new position in Archer Daniels Midland in the second quarter worth approximately $25,000. S.A. Mason LLC purchased a new stake in shares of Archer Daniels Midland in the 1st quarter worth $25,000. Headlands Technologies LLC bought a new position in shares of Archer Daniels Midland during the 1st quarter worth $25,000. ORG Partners LLC grew its position in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after buying an additional 523 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Archer Daniels Midland during the first quarter valued at $37,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Morgan Stanley upped 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. Finally, Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Stock Down 0.7%

Archer Daniels Midland stock opened at $60.86 on Friday. The business has a fifty day moving average of $60.78 and a two-hundred day moving average of $53.76. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The firm has a market cap of $29.24 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.27 and a beta of 0.70. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $64.38.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. The business had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

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.