California Public Employees Retirement System reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,662,248 shares of the company’s stock after selling 52,700 shares during the period. California Public Employees Retirement System’s holdings in Archer-Daniels-Midland Company were worth $76,530,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Blenheim Capital Management BV purchased a new position in Archer-Daniels-Midland Company during the fourth quarter valued at $546,000. Gratus Capital LLC raised its position in Archer-Daniels-Midland Company by 1.5% in the fourth quarter. Gratus Capital LLC now owns 10,206 shares of the company’s stock valued at $466,000 after buying an additional 151 shares during the last quarter. Scotia Capital Inc. raised its position in Archer-Daniels-Midland Company by 8.6% in the fourth quarter. Scotia Capital Inc. now owns 24,566 shares of the company’s stock valued at $1,122,000 after buying an additional 1,955 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in Archer-Daniels-Midland Company by 34.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 149,172 shares of the company’s stock valued at $6,810,000 after buying an additional 38,077 shares during the last quarter. Finally, Tyers Asset Management LLC purchased a new position in Archer-Daniels-Midland Company during the fourth quarter valued at $7,773,000. 72.82% of the stock is currently owned by institutional investors.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded down 1.11% during mid-day trading on Tuesday, reaching $41.97. 473,280 shares of the company’s stock traded hands. The company has a market cap of $23.85 billion, a price-to-earnings ratio of 17.77 and a beta of 1.03. The company has a 50 day moving average of $42.21 and a 200 day moving average of $44.30. Archer-Daniels-Midland Company has a 12 month low of $39.01 and a 12 month high of $47.88.
Archer-Daniels-Midland Company (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.15 billion. Archer-Daniels-Midland Company had a return on equity of 7.88% and a net margin of 2.21%. Archer-Daniels-Midland Company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts expect that Archer-Daniels-Midland Company will post $2.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, May 16th. Archer-Daniels-Midland Company’s payout ratio is 53.78%.
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Several research analysts recently weighed in on ADM shares. Credit Suisse Group set a $46.00 price objective on shares of Archer-Daniels-Midland Company and gave the stock a “hold” rating in a research note on Wednesday, March 1st. Vetr raised shares of Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a research note on Monday, May 22nd. Zacks Investment Research lowered shares of Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Argus lowered shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reduced their price objective on shares of Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Archer-Daniels-Midland Company presently has a consensus rating of “Hold” and an average price target of $46.97.
Archer-Daniels-Midland Company Company Profile
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