Teacher Retirement System of Texas Has $3.36 Million Stake in Archer Daniels Midland Company (NYSE:ADM)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revisor Wealth Management LLC purchased a new position in Archer Daniels Midland during the 1st quarter worth $310,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Archer Daniels Midland by 54.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,953 shares of the company's stock valued at $3,935,000 after buying an additional 28,896 shares during the last quarter. Clear Creek Financial Management LLC increased its stake in shares of Archer Daniels Midland by 14.4% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,779 shares of the company's stock valued at $229,000 after purchasing an additional 600 shares in the last quarter. Cidel Asset Management Inc. increased its stake in shares of Archer Daniels Midland by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 12,240 shares of the company's stock valued at $588,000 after purchasing an additional 959 shares in the last quarter. Finally, Guardian Investment Management purchased a new stake in Archer Daniels Midland during the 1st quarter worth approximately $358,000. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Trading Down 0.9%

Shares of NYSE:ADM traded down $0.48 during mid-day trading on Wednesday, hitting $54.07. The stock had a trading volume of 3,184,455 shares, compared to its average volume of 4,134,729. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.38. The company has a market cap of $25.98 billion, a PE ratio of 19.31, a P/E/G ratio of 3.04 and a beta of 0.69. The company's 50 day moving average is $50.36 and its 200-day moving average is $48.86.

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

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.77%. Archer Daniels Midland's payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research reports. Barclays upped their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 2nd. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup decreased 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. Finally, Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Archer Daniels Midland currently has an average rating of "Hold" and a consensus price target of $52.25.

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.