Community Bank N.A. Grows Position in Archer Daniels Midland Company (NYSE:ADM)

Community Bank N.A. grew its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,586 shares of the company's stock after acquiring an additional 5,915 shares during the quarter. Community Bank N.A.'s holdings in Archer Daniels Midland were worth $1,708,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADM. Fairway Wealth LLC purchased a new position in Archer Daniels Midland in the 4th quarter valued at about $25,000. CoreFirst Bank & Trust acquired a new position in shares of Archer Daniels Midland in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new stake in Archer Daniels Midland during the fourth quarter worth approximately $35,000. NBC Securities Inc. acquired a new stake in Archer Daniels Midland during the first quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in Archer Daniels Midland by 43.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADM shares. Barclays decreased their price objective on Archer Daniels Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Citigroup lowered their price target on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Stock Down 0.0%

ADM opened at $54.15 on Wednesday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm has a 50 day moving average price of $48.35 and a 200 day moving average price of $48.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The company has a market cap of $26.02 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.77%. Archer Daniels Midland's dividend payout ratio (DPR) is currently 72.86%.

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.

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