California Public Employees Retirement System boosted its holdings in Archer Daniels Midland Company (NYSE:ADM) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,708,301 shares of the company’s stock after purchasing an additional 74,253 shares during the quarter. California Public Employees Retirement System owned about 0.31% of Archer Daniels Midland worth $72,620,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Manchester Capital Management LLC grew its stake in Archer Daniels Midland by 28.3% in the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after acquiring an additional 600 shares during the period. Sun Life Financial INC acquired a new stake in Archer Daniels Midland in the third quarter valued at approximately $147,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Archer Daniels Midland in the third quarter valued at approximately $202,000. Stratos Wealth Partners LTD. acquired a new stake in Archer Daniels Midland in the third quarter valued at approximately $212,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in Archer Daniels Midland in the third quarter valued at approximately $220,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

A number of equities research analysts have commented on the company. TheStreet cut Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $47.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. BMO Capital Markets reduced their price objective on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, November 1st. Monness Crespi & Hardt reduced their price objective on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $39.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $42.22.

Shares of Archer Daniels Midland Company (ADM) traded down $0.13 during trading hours on Wednesday, hitting $41.77. The company had a trading volume of 3,834,600 shares, compared to its average volume of 3,020,533. The stock has a market capitalization of $23,432.59, a PE ratio of 17.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. Archer Daniels Midland Company has a one year low of $38.59 and a one year high of $47.44.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). The company had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. analysts anticipate that Archer Daniels Midland Company will post 2.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.06%. Archer Daniels Midland’s payout ratio is 59.81%.

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Archer Daniels Midland Profile

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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