Trust Co. of Toledo NA OH Takes $32,000 Position in Archer Daniels Midland Company $ADM

Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland Company (NYSE:ADM) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 613 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after buying an additional 13,579,379 shares during the period. Wellington Management Group LLP lifted its position in Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after buying an additional 3,791,597 shares during the period. Nuveen LLC purchased a new position in Archer Daniels Midland during the first quarter worth about $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Archer Daniels Midland during the second quarter worth about $39,094,000. Finally, Invesco Ltd. lifted its position in Archer Daniels Midland by 8.5% during the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after buying an additional 607,767 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

ADM stock opened at $61.58 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.38. The firm has a market cap of $29.59 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The stock has a 50-day simple moving average of $60.92 and a 200-day simple moving average of $53.95.

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

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s dividend payout ratio (DPR) is 89.87%.

Analysts Set New Price Targets

Several research firms recently weighed in on ADM. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Morgan Stanley upped their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and an average target price of $55.50.

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.