California Public Employees Retirement System Acquires 90,385 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 9.7% during the first quarter, Holdings Channel reports. The fund owned 1,025,447 shares of the company’s stock after acquiring an additional 90,385 shares during the quarter. California Public Employees Retirement System’s holdings in Archer Daniels Midland were worth $74,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Toth Financial Advisory Corp bought a new stake in shares of Archer Daniels Midland during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $26,000. Sankala Group LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Archer Daniels Midland in the first quarter valued at about $29,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group upped their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Jefferies Financial Group increased their target price on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland currently has a consensus rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Stock Down 0.1%

ADM stock opened at $85.86 on Monday. The stock has a market cap of $41.38 billion, a P/E ratio of 38.50 and a beta of 0.62. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $79.32 and its two-hundred day simple moving average is $72.27. Archer Daniels Midland Company has a 1-year low of $52.96 and a 1-year high of $86.00.

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

Archer Daniels Midland Dividend Announcement

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

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.