Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,334 shares of the company's stock after purchasing an additional 56,268 shares during the period. Teacher Retirement System of Texas owned 0.10% of Archer-Daniels-Midland worth $42,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PCA Investment Advisory Services Inc. acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at approximately $25,000. Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $30,000. Exchange Traded Concepts LLC grew its stake in shares of Archer-Daniels-Midland by 41.9% during the second quarter. Exchange Traded Concepts LLC now owns 491 shares of the company's stock worth $37,000 after purchasing an additional 145 shares during the period. Almanack Investment Partners LLC. bought a new position in Archer-Daniels-Midland during the third quarter worth about $43,000. Finally, Carolinas Wealth Consulting LLC lifted its holdings in shares of Archer-Daniels-Midland by 37.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company's stock valued at $55,000 after purchasing an additional 164 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded down $0.26 on Tuesday, hitting $69.30. 1,102,833 shares of the company's stock were exchanged, compared to its average volume of 2,896,020. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.69. Archer-Daniels-Midland Company has a 1 year low of $68.95 and a 1 year high of $89.32. The company has a 50-day simple moving average of $72.88 and a 200-day simple moving average of $76.57. The stock has a market capitalization of $36.96 billion, a PE ratio of 9.69 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.10. Archer-Daniels-Midland had a net margin of 4.05% and a return on equity of 16.63%. The company had revenue of $21.70 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the company earned $1.86 EPS. The firm's quarterly revenue was down 12.1% on a year-over-year basis. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 7.26 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Tuesday, November 14th. Archer-Daniels-Midland's payout ratio is 25.07%.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Archer-Daniels-Midland from $77.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, October 25th. Stephens cut their target price on Archer-Daniels-Midland from $80.00 to $75.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 25th. UBS Group dropped their price target on Archer-Daniels-Midland from $115.00 to $104.00 and set a "buy" rating for the company in a research note on Wednesday, December 20th. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $87.00 to $76.00 and set an "equal weight" rating for the company in a research report on Monday, October 30th. Finally, StockNews.com raised Archer-Daniels-Midland from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.89.

Get Our Latest Report on ADM

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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