California Public Employees Retirement System Has $71.69 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

California Public Employees Retirement System trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 992,668 shares of the company's stock after selling 36,345 shares during the quarter. California Public Employees Retirement System owned 0.19% of Archer-Daniels-Midland worth $71,690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jeppson Wealth Management LLC boosted its stake in Archer-Daniels-Midland by 3.3% in the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company's stock worth $342,000 after purchasing an additional 151 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Archer-Daniels-Midland by 1.0% during the third quarter. Park Avenue Securities LLC now owns 16,850 shares of the company's stock worth $1,271,000 after purchasing an additional 172 shares during the period. Strengthening Families & Communities LLC lifted its stake in Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company's stock valued at $48,000 after buying an additional 174 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 34.5% in the third quarter. GHP Investment Advisors Inc. now owns 701 shares of the company's stock valued at $51,000 after purchasing an additional 180 shares in the last quarter. Finally, Modera Wealth Management LLC grew its holdings in shares of Archer-Daniels-Midland by 3.9% in the 3rd quarter. Modera Wealth Management LLC now owns 4,883 shares of the company's stock valued at $368,000 after acquiring an additional 182 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded down $0.56 during midday trading on Thursday, reaching $61.00. 2,726,123 shares of the company's stock traded hands, compared to its average volume of 5,959,327. The company has a market cap of $30.61 billion, a price-to-earnings ratio of 9.49 and a beta of 0.77. The stock has a 50 day moving average of $58.81 and a 200 day moving average of $65.37. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The company had revenue of $22.98 billion for the quarter, compared to analysts' expectations of $23.79 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. Archer-Daniels-Midland's quarterly revenue was down 11.4% on a year-over-year basis. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

ADM has been the topic of a number of research reports. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a "buy" rating to a "hold" rating and decreased their price target for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Jefferies Financial Group reduced their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a "hold" rating on the stock in a report on Wednesday, March 13th. The Goldman Sachs Group lowered Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Roth Mkm downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. Finally, Robert W. Baird lowered shares of Archer-Daniels-Midland from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $96.00 to $61.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.50.

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.