New York State Teachers Retirement System Sells 20,424 Shares of Archer Daniels Midland Company (NYSE:ADM)

New York State Teachers Retirement System lessened its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,719 shares of the company's stock after selling 20,424 shares during the period. New York State Teachers Retirement System owned about 0.09% of Archer Daniels Midland worth $21,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in Archer Daniels Midland in the 4th quarter valued at approximately $409,000. Jones Financial Companies Lllp lifted its position in shares of Archer Daniels Midland by 72.6% in the fourth quarter. Jones Financial Companies Lllp now owns 12,037 shares of the company's stock worth $608,000 after purchasing an additional 5,065 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Archer Daniels Midland during the fourth quarter worth $850,000. State of Michigan Retirement System boosted its holdings in Archer Daniels Midland by 5.6% during the fourth quarter. State of Michigan Retirement System now owns 166,441 shares of the company's stock worth $8,409,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Archer Daniels Midland by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock valued at $195,813,000 after purchasing an additional 268,102 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup dropped their price objective on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.25.

Archer Daniels Midland Stock Performance

NYSE ADM traded down $1.01 during trading on Thursday, reaching $54.90. 2,259,865 shares of the company's stock were exchanged, compared to its average volume of 3,520,330. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The business has a 50 day moving average price of $49.84 and a 200-day moving average price of $48.76. The stock has a market capitalization of $26.37 billion, a P/E ratio of 19.61, a PEG ratio of 3.11 and a beta of 0.69. Archer Daniels Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. During the same period in the previous year, the firm earned $1.46 EPS. The firm's revenue was down 7.7% compared to the same quarter last year. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is presently 72.86%.

Archer Daniels Midland Company 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.