Community Bank N.A. Has $1.02 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Community Bank N.A. increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,160 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Community Bank N.A.’s holdings in Archer-Daniels-Midland were worth $1,023,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADM. Nordea Investment Management AB raised its position in shares of Archer-Daniels-Midland by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after acquiring an additional 139,064 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Archer-Daniels-Midland by 3.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after purchasing an additional 31,700 shares during the period. Pathstone Family Office LLC increased its stake in Archer-Daniels-Midland by 543.2% during the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after purchasing an additional 23,647 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Archer-Daniels-Midland by 12.3% in the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock valued at $52,946,000 after buying an additional 80,245 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Archer-Daniels-Midland by 17.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 599,717 shares of the company’s stock valued at $43,312,000 after buying an additional 87,752 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE:ADM traded down $0.81 during mid-day trading on Thursday, reaching $60.75. The stock had a trading volume of 1,046,528 shares, compared to its average volume of 5,937,602. The stock has a 50-day simple moving average of $58.81 and a two-hundred day simple moving average of $65.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The stock has a market capitalization of $30.48 billion, a PE ratio of 9.49 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’s revenue was down 11.4% on a year-over-year basis. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has authorized a stock buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADM. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Bank of America cut their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Citigroup upped their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Robert W. Baird cut Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.50.

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.