Community Bank N.A. Has $1.50 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Community Bank N.A. increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,125 shares of the company’s stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock valued at $459,232,000 after purchasing an additional 7,549,083 shares in the last quarter. AQR Capital Management LLC grew its holdings in Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after acquiring an additional 1,199,992 shares during the last quarter. FMR LLC increased its position in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the period. AustralianSuper Pty Ltd raised its stake in shares of Archer-Daniels-Midland by 689.7% during the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after acquiring an additional 880,564 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Archer-Daniels-Midland by 178.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 606,213 shares of the company’s stock worth $36,215,000 after purchasing an additional 388,433 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. UBS Group raised their target price 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. Morgan Stanley cut their price objective 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. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Trading Up 0.4 %

ADM opened at $54.60 on Monday. The company has a fifty day moving average price of $55.89 and a two-hundred day moving average price of $59.24. Archer-Daniels-Midland Company has a 1-year low of $48.92 and a 1-year high of $77.35. The company 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 current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

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.