California State Teachers Retirement System Purchases 42,225,256 Shares of Archer Daniels Midland Company $ADM

California State Teachers Retirement System boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 7,551.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,784,458 shares of the company's stock after buying an additional 42,225,256 shares during the period. California State Teachers Retirement System owned about 8.88% of Archer Daniels Midland worth $3,268,733,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its stake in Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company's stock valued at $1,941,000 after buying an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Archer Daniels Midland by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company's stock worth $4,433,000 after acquiring an additional 4,224 shares during the last quarter. Sei Investments Co. raised its position in Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company's stock worth $10,116,000 after purchasing an additional 54,746 shares during the last quarter. Glenview Trust co bought a new stake in shares of Archer Daniels Midland during the second quarter worth $203,000. Finally, Treasurer of the State of North Carolina raised its holdings in Archer Daniels Midland by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company's stock worth $11,785,000 after purchasing an additional 5,051 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ADM shares. Zacks Research raised shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. UBS Group upped their target price on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Barclays raised their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Weiss Ratings raised Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $60.00 to $79.00 in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland presently has a consensus rating of "Hold" and an average price target of $79.67.

Archer Daniels Midland Stock Up 0.3%

Shares of NYSE:ADM opened at $86.81 on Friday. The company has a 50 day moving average price of $81.70 and a two-hundred day moving average price of $76.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39. The company has a market capitalization of $41.84 billion, a PE ratio of 23.78, a PEG ratio of 2.64 and a beta of 0.62. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.75.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion for the quarter, compared to analysts' expectations of $22.75 billion. During the same period last year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Archer Daniels Midland's payout ratio is presently 56.99%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company's operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.

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