New York State Teachers Retirement System Has $23.65 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

New York State Teachers Retirement System lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 468,143 shares of the company’s stock after selling 7,764 shares during the quarter. New York State Teachers Retirement System’s holdings in Archer-Daniels-Midland were worth $23,651,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% in the fourth 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 period. Finally, Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter valued at $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADM. Morgan Stanley decreased 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. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. 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 on the stock in a research note on Wednesday, February 5th. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $46.12 on Friday. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company’s fifty day moving average is $50.06 and its 200-day moving average is $54.83. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Equities analysts expect that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

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 given a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.42%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 55.40%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is 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.