California State Teachers Retirement System Buys 42,225,256 Shares of Archer Daniels Midland Company $ADM

California State Teachers Retirement System grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 7,551.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,784,458 shares of the company’s stock after buying an additional 42,225,256 shares during the quarter. California State Teachers Retirement System owned 0.09% of Archer Daniels Midland worth $3,268,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Woodline Partners LP lifted its position in Archer Daniels Midland by 40.8% in the 1st quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock valued at $1,941,000 after acquiring an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Archer Daniels Midland by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 83,983 shares of the company’s stock valued at $4,433,000 after purchasing an additional 4,224 shares during the period. Sei Investments Co. raised its stake in shares of Archer Daniels Midland by 40.0% in the 2nd quarter. Sei Investments Co. now owns 191,633 shares of the company’s stock valued at $10,116,000 after purchasing an additional 54,746 shares during the period. Glenview Trust co bought a new stake in shares of Archer Daniels Midland in the second quarter valued at about $203,000. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Archer Daniels Midland by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after buying an additional 5,051 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, June 15th. Wall Street Zen lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.67.

Archer Daniels Midland Trading Up 0.3%

Shares of NYSE:ADM opened at $86.81 on Friday. Archer Daniels Midland Company has a 52-week low of $55.58 and a 52-week high of $88.75. The company has a market capitalization of $41.84 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.64 and a beta of 0.62. The company has a 50-day simple moving average of $81.70 and a 200 day simple moving average of $76.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Sell-side analysts forecast that Archer Daniels Midland Company will post 5.46 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Archer Daniels Midland’s payout ratio is presently 56.99%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.