Employees Retirement System of Texas Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Employees Retirement System of Texas boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 38.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,520 shares of the company’s stock after acquiring an additional 11,330 shares during the period. Employees Retirement System of Texas’ holdings in Archer-Daniels-Midland were worth $2,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADM. Steward Partners Investment Advisory LLC raised its holdings in shares of Archer-Daniels-Midland by 5.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,040 shares of the company’s stock valued at $870,000 after acquiring an additional 675 shares in the last quarter. TD Asset Management Inc lifted its position in Archer-Daniels-Midland by 15.4% during the fourth quarter. TD Asset Management Inc now owns 407,905 shares of the company’s stock valued at $29,459,000 after purchasing an additional 54,547 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $447,000. Weiss Asset Management LP bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth $428,000. Finally, Fiduciary Trust Co raised its position in shares of Archer-Daniels-Midland by 3.1% during the 4th quarter. Fiduciary Trust Co now owns 44,228 shares of the company’s stock valued at $3,194,000 after buying an additional 1,333 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ADM. Citigroup reduced their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.62.

Archer-Daniels-Midland Trading Up 2.1 %

Shares of ADM opened at $59.37 on Friday. The stock has a market capitalization of $28.39 billion, a P/E ratio of 10.42 and a beta of 0.72. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $77.35. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $60.47 and a two-hundred day simple moving average of $61.09.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is currently owned by company insiders.

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.