AMG National Trust Bank Makes New $372,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

AMG National Trust Bank purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,156 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in Archer-Daniels-Midland by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after purchasing an additional 159 shares during the last quarter. Quent Capital LLC boosted its position in shares of Archer-Daniels-Midland by 8.2% during the second quarter. Quent Capital LLC now owns 2,158 shares of the company’s stock valued at $130,000 after buying an additional 164 shares during the last quarter. Accordant Advisory Group Inc increased its holdings in Archer-Daniels-Midland by 0.8% in the 2nd quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after buying an additional 176 shares in the last quarter. CHICAGO TRUST Co NA raised its position in Archer-Daniels-Midland by 4.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after buying an additional 177 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Archer-Daniels-Midland by 0.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $64.62.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded up $1.25 on Friday, hitting $60.50. 1,713,156 shares of the company traded hands, compared to its average volume of 4,758,868. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $61.27 and its 200-day moving average price is $59.98. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 10.61 and a beta of 0.74. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $81.87.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

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.