Community Bank N.A. Purchases 4,546 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Community Bank N.A. boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,671 shares of the company’s stock after purchasing an additional 4,546 shares during the period. Community Bank N.A.’s holdings in Archer-Daniels-Midland were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. ST Germain D J Co. Inc. increased its position in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ADM shares. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Bank of America cut their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Trading Down 0.7 %

NYSE:ADM opened at $46.21 on Friday. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The firm has a fifty day simple moving average of $48.32 and a 200-day simple moving average of $52.64. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $22.16 billion, a P/E ratio of 12.80, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.