California Public Employees Retirement System Purchases 90,385 Shares of Archer Daniels Midland Company $ADM

California Public Employees Retirement System lifted its stake in Archer Daniels Midland Company (NYSE:ADM) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025,447 shares of the company’s stock after acquiring an additional 90,385 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Archer Daniels Midland worth $74,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $402,743,000. Northwestern Mutual Wealth Management Co. increased its stake in Archer Daniels Midland by 3,379.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after acquiring an additional 5,595,801 shares during the period. Victory Capital Management Inc. raised its stake in shares of Archer Daniels Midland by 831.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock valued at $321,486,000 after purchasing an additional 4,991,550 shares in the last quarter. Dodge & Cox raised its stake in shares of Archer Daniels Midland by 13.4% in the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after purchasing an additional 2,016,101 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Archer Daniels Midland by 176.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,967,471 shares of the company’s stock worth $117,537,000 after purchasing an additional 1,256,596 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.1%

NYSE:ADM opened at $85.86 on Monday. The company has a market cap of $41.38 billion, a price-to-earnings ratio of 38.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The stock’s fifty day moving average price is $79.32 and its two-hundred day moving average price is $72.27. Archer Daniels Midland Company has a 52-week low of $52.96 and a 52-week high of $86.00.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The firm’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts anticipate that Archer Daniels Midland Company will post 4.71 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.4%. Archer Daniels Midland’s dividend payout ratio is presently 93.27%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Jefferies Financial Group lifted their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Profile

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.