New York State Teachers Retirement System Sells 7,764 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

New York State Teachers Retirement System decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 468,143 shares of the company's stock after selling 7,764 shares during the period. New York State Teachers Retirement System owned about 0.10% of Archer-Daniels-Midland worth $23,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. State Street Corp raised its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the last quarter. FMR LLC raised its stake in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Archer-Daniels-Midland by 52.0% in the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after acquiring an additional 514,005 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analysts Set New Price Targets

ADM has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Barclays dropped their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average price target of $55.11.

Archer-Daniels-Midland Trading Up 0.4 %

ADM traded up $0.18 during trading on Wednesday, reaching $46.09. 3,151,434 shares of the company's stock were exchanged, compared to its average volume of 3,630,194. The company's fifty day moving average price is $49.82 and its 200-day moving average price is $54.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The firm has a market capitalization of $22.05 billion, a PE ratio of 12.77, a P/E/G ratio of 1.47 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.43%. Archer-Daniels-Midland's payout ratio is 55.40%.

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.