Community Bank N.A. Raises Stock Position in Archer Daniels Midland Company $ADM

Community Bank N.A. lifted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,602 shares of the company’s stock after acquiring an additional 4,016 shares during the quarter. Community Bank N.A.’s holdings in Archer Daniels Midland were worth $2,090,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Archer Daniels Midland during the second quarter worth approximately $25,000. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland during the first quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Archer Daniels Midland during the first quarter valued at approximately $25,000. Trust Co. of Toledo NA OH purchased a new position in Archer Daniels Midland during the second quarter valued at approximately $32,000. Finally, ORG Partners LLC increased 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 buying an additional 523 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

Shares of ADM opened at $61.58 on Tuesday. The company has a market cap of $29.59 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 3.24 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. 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 company has a 50 day moving average of $60.92 and a two-hundred day moving average of $53.95.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.70 billion during the quarter. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. 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 payout ratio is presently 89.87%.

Wall Street Analysts Forecast Growth

ADM has been the topic of several research reports. UBS Group reissued a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective on the stock. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.