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

Teacher Retirement System of Texas raised its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 1,463.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Archer Daniels Midland in the 4th quarter worth approximately $8,677,000. Amundi increased its holdings in Archer Daniels Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Archer Daniels Midland in the 4th quarter worth approximately $35,000. Sowell Financial Services LLC increased its holdings in Archer Daniels Midland by 10.2% in the 4th quarter. Sowell Financial Services LLC now owns 14,642 shares of the company's stock worth $740,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Archer Daniels Midland by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 71,797 shares of the company's stock worth $3,627,000 after acquiring an additional 4,692 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Up 0.1%

NYSE:ADM traded up $0.08 during midday trading on Friday, hitting $54.97. 2,151,377 shares of the company traded hands, compared to its average volume of 3,496,832. The firm's fifty day moving average is $50.63 and its 200-day moving average is $48.93. Archer Daniels Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The firm has a market capitalization of $26.41 billion, a P/E ratio of 19.63, a P/E/G ratio of 3.01 and a beta of 0.69. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released 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. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. 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 firm posted $1.46 EPS. Archer Daniels Midland's quarterly revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.71%. Archer Daniels Midland's payout ratio is currently 72.86%.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. Citigroup reduced 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 report on Tuesday, April 15th. 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 upgraded Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.25.

About Archer Daniels Midland

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.