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

Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 613 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also modified their holdings of the company. Bell Bank increased its holdings in shares of Archer Daniels Midland by 11.0% in the first quarter. Bell Bank now owns 167,536 shares of the company’s stock valued at $8,043,000 after purchasing an additional 16,558 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Archer Daniels Midland by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock valued at $26,863,000 after purchasing an additional 49,954 shares during the period. SG Americas Securities LLC acquired a new position in shares of Archer Daniels Midland in the first quarter valued at approximately $333,000. Perpetual Ltd purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at approximately $227,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Archer Daniels Midland by 18.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock valued at $8,042,000 after buying an additional 26,328 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Up 1.2%

ADM opened at $61.58 on Tuesday. The business’s fifty day moving average is $60.92 and its two-hundred day moving average is $53.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market cap of $29.59 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.24 and a beta of 0.70. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $64.38.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The company 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%. Analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group restated a “buy” rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average 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.