Vontobel Holding Ltd. Has $886,000 Stake in Archer Daniels Midland Company $ADM

Vontobel Holding Ltd. decreased its position in Archer Daniels Midland Company (NYSE:ADM) by 4.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,793 shares of the company’s stock after selling 700 shares during the period. Vontobel Holding Ltd.’s holdings in Archer Daniels Midland were worth $886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its stake in shares of Archer Daniels Midland by 4.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 23,231 shares of the company’s stock valued at $1,226,000 after buying an additional 941 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Archer Daniels Midland by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 481,338 shares of the company’s stock valued at $25,405,000 after buying an additional 28,800 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $3,898,000. Valeo Financial Advisors LLC acquired a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at $384,000. Finally, Joule Financial LLC bought a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $60.86 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.24 and a beta of 0.70. The company’s fifty day moving average is $60.78 and its two-hundred day moving average is $53.85. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38.

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

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADM shares. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target on the stock. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Finally, UBS Group reiterated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.50.

About Archer Daniels Midland

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.