Teacher Retirement System of Texas Acquires 65,480 Shares of Archer Daniels Midland Company (NYSE:ADM)

Teacher Retirement System of Texas boosted its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 1,463.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,955 shares of the company's stock after purchasing an additional 65,480 shares during the quarter. Teacher Retirement System of Texas' holdings in Archer Daniels Midland were worth $3,359,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADM. Vanguard Group Inc. lifted its position in shares of Archer Daniels Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after acquiring an additional 706,567 shares during the period. Wellington Management Group LLP raised its holdings in shares of Archer Daniels Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after buying an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Archer Daniels Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after buying an additional 247,647 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Archer Daniels Midland by 2.6% during the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after buying an additional 275,792 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Archer Daniels Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after buying an additional 1,420,625 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Up 2.2%

Shares of ADM stock traded up $1.19 on Thursday, hitting $55.19. The company had a trading volume of 803,061 shares, compared to its average volume of 3,495,323. The firm has a market cap of $26.51 billion, a P/E ratio of 19.73, a P/E/G ratio of 3.05 and a beta of 0.69. The stock's 50-day moving average is $50.48 and its two-hundred day moving average is $48.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. On average, equities research analysts anticipate that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.70%. Archer Daniels Midland's payout ratio is 72.86%.

Analysts Set New Price Targets

ADM has been the subject of a number of recent research reports. Citigroup lowered their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays upped their target price on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, July 2nd. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Bank of America cut 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 report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of "Hold" and an average price target of $52.25.

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.