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

Teacher Retirement System of Texas trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,475 shares of the company's stock after selling 245,916 shares during the quarter. Teacher Retirement System of Texas' holdings in Archer-Daniels-Midland were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADM. West Financial Advisors LLC grew its stake in Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after acquiring an additional 201 shares during the period. Hantz Financial Services Inc. grew its position in shares of Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after purchasing an additional 210 shares during the period. Invesco LLC raised its position in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after purchasing an additional 211 shares during the last quarter. Advisor OS LLC lifted its stake in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after buying an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC boosted its holdings in Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

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Analysts Set New Price Targets

ADM has been the topic of several research reports. Bank of America decreased their target price 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. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $53.63.

Archer-Daniels-Midland Trading Down 8.9 %

NYSE:ADM traded down $4.25 on Friday, hitting $43.32. The stock had a trading volume of 6,801,971 shares, compared to its average volume of 3,610,646. The company has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $51.67. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.54 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1-year low of $43.01 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is 56.51%.

Archer-Daniels-Midland announced that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Archer-Daniels-Midland 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.