California Public Employees Retirement System Decreases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

California Public Employees Retirement System reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 828,942 shares of the company's stock after selling 56,415 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Archer-Daniels-Midland worth $41,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth about $28,000. ST Germain D J Co. Inc. grew its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 0.7 %

Archer-Daniels-Midland stock traded down $0.31 during trading on Monday, hitting $43.01. The company's stock had a trading volume of 6,206,590 shares, compared to its average volume of 3,620,989. The stock's fifty day moving average is $47.33 and its 200 day moving average is $51.54. Archer-Daniels-Midland Company has a 1-year low of $42.35 and a 1-year high of $66.08. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

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Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the prior year, the firm posted $1.36 EPS. The company's revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.74%. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets dropped their price target on 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. Bank of America reduced their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price objective on 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average target price of $53.63.

Archer-Daniels-Midland Company Profile

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.