California Public Employees Retirement System Purchases 37,833 Shares of Archer Daniels Midland Company $ADM

California Public Employees Retirement System increased its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 4.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 811,293 shares of the company’s stock after purchasing an additional 37,833 shares during the period. California Public Employees Retirement System owned 0.17% of Archer Daniels Midland worth $42,820,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at $25,000. Zions Bancorporation National Association UT bought a new position in Archer Daniels Midland during the first quarter worth $115,000. Townsquare Capital LLC increased its holdings in shares of Archer Daniels Midland by 66.4% in the first quarter. Townsquare Capital LLC now owns 13,420 shares of the company’s stock valued at $644,000 after purchasing an additional 5,357 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company’s stock worth $372,250,000 after buying an additional 607,767 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Archer Daniels Midland during the 1st quarter worth about $81,306,000. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $58.10 on Wednesday. The firm’s 50 day simple moving average is $60.16 and its 200 day simple moving average is $57.62. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 4.92 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, research analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.5%. Archer Daniels Midland’s dividend payout ratio (DPR) is 83.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $59.00 price target (down from $61.00) on shares of Archer Daniels Midland in a report on Wednesday, November 5th. Zacks Research lowered Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $55.25.

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.