Community Bank N.A. Acquires 887 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Community Bank N.A. raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,125 shares of the company’s stock after buying an additional 887 shares during the period. Community Bank N.A.’s holdings in Archer-Daniels-Midland were worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $26,000. Riverview Trust Co acquired a new position in Archer-Daniels-Midland in the 2nd quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Finally, Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $28,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ADM shares. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.83.

Archer-Daniels-Midland Price Performance

ADM stock opened at $54.60 on Monday. The company’s 50-day moving average price is $55.89 and its two-hundred day moving average price is $59.24. The firm has a market cap of $26.13 billion, a P/E ratio of 15.60 and a beta of 0.73. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $77.35.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Insider Transactions at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland 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.