Teachers Retirement System of The State of Kentucky Buys New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 53,347 shares of the company’s stock, valued at approximately $4,291,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Bank of New York Mellon Corp lifted its position in Archer-Daniels-Midland by 29.4% during the third quarter. Bank of New York Mellon Corp now owns 6,524,033 shares of the company’s stock valued at $524,856,000 after purchasing an additional 1,483,115 shares during the period. FMR LLC lifted its position in Archer-Daniels-Midland by 24.7% during the second quarter. FMR LLC now owns 4,030,384 shares of the company’s stock valued at $312,756,000 after purchasing an additional 799,565 shares during the period. State Street Corp raised its position in shares of Archer-Daniels-Midland by 2.5% in the second quarter. State Street Corp now owns 32,405,932 shares of the company’s stock worth $2,514,700,000 after acquiring an additional 797,915 shares during the period. Vanguard Group Inc. raised its position in shares of Archer-Daniels-Midland by 0.8% in the third quarter. Vanguard Group Inc. now owns 62,966,053 shares of the company’s stock worth $5,065,619,000 after acquiring an additional 522,009 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Archer-Daniels-Midland by 38.7% in the third quarter. Prudential Financial Inc. now owns 1,555,762 shares of the company’s stock worth $125,162,000 after acquiring an additional 434,131 shares during the period. 78.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ADM. StockNews.com began coverage on shares of Archer-Daniels-Midland in a research report on Thursday. They issued a “buy” rating for the company. Stifel Nicolaus upped their price objective on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a research report on Tuesday, January 3rd. Finally, UBS Group began coverage on shares of Archer-Daniels-Midland in a research report on Tuesday, December 13th. They issued a “buy” rating and a $115.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Moderate Buy” and an average price target of $104.71.

Archer-Daniels-Midland Stock Down 2.9 %

ADM stock opened at $74.26 on Friday. The stock has a market capitalization of $40.70 billion, a P/E ratio of 9.63, a P/E/G ratio of 1.78 and a beta of 0.79. The firm has a 50-day simple moving average of $82.20 and a 200-day simple moving average of $87.60. The company has a quick ratio of 0.85, a current ratio of 1.46 and a debt-to-equity ratio of 0.32. Archer-Daniels-Midland Company has a 52 week low of $70.02 and a 52 week high of $98.88.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.29. Archer-Daniels-Midland had a net margin of 4.26% and a return on equity of 18.32%. The company had revenue of $26.23 billion during the quarter, compared to analysts’ expectations of $25.37 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Archer-Daniels-Midland’s revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Archer-Daniels-Midland Company will post 6.74 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Thursday, February 9th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, February 8th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. Archer-Daniels-Midland’s dividend payout ratio is currently 23.35%.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.