California State Teachers Retirement System Has $28.67 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

California State Teachers Retirement System lowered its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 567,404 shares of the company's stock after selling 51,712 shares during the period. California State Teachers Retirement System owned about 0.12% of Archer-Daniels-Midland worth $28,665,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AustralianSuper Pty Ltd raised its stake in shares of Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after acquiring an additional 360,844 shares during the last quarter. Amundi raised its stake in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after buying an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust bought a new position in Archer-Daniels-Midland during the fourth quarter worth $1,217,000. Semanteon Capital Management LP bought a new position in Archer-Daniels-Midland during the fourth quarter worth $614,000. Finally, Aigen Investment Management LP raised its stake in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock worth $2,372,000 after buying an additional 26,329 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADM. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $52.00.

Archer-Daniels-Midland Stock Down 0.3%

NYSE:ADM traded down $0.15 during trading hours on Monday, reaching $48.12. The company had a trading volume of 2,648,017 shares, compared to its average volume of 3,535,806. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.54 and a beta of 0.69. The business's 50-day simple moving average is $47.50 and its two-hundred day simple moving average is $48.94. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company posted $1.46 earnings per share. On average, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

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.