New York State Teachers Retirement System lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 508,320 shares of the company’s stock after selling 61,402 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Archer-Daniels-Midland worth $30,728,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC bought a new position in Archer-Daniels-Midland during the first quarter valued at about $27,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at about $27,000. Crewe Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at about $30,000. Rise Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Institutional investors own 78.28% of the company’s stock.
Archer-Daniels-Midland Stock Performance
Shares of ADM opened at $60.50 on Friday. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $81.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market capitalization of $29.91 billion, a PE ratio of 10.61 and a beta of 0.74. The company’s 50 day moving average price is $61.27 and its 200 day moving average price is $59.93.
Archer-Daniels-Midland Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.
Analyst Upgrades and Downgrades
ADM has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup decreased their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $64.62.
Get Our Latest Report on Archer-Daniels-Midland
Archer-Daniels-Midland Profile
Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
Featured Stories
- Five stocks we like better than Archer-Daniels-Midland
- Consumer Discretionary Stocks Explained
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Why Are These Companies Considered Blue Chips?
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- How to invest in marijuana stocks in 7 steps
- MarketBeat Week in Review – 8/19 – 8/23
Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.