Essex Financial Services Inc. Raises Stock Holdings in Archer Daniels Midland Company $ADM

Essex Financial Services Inc. grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 74.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,801 shares of the company’s stock after acquiring an additional 8,032 shares during the quarter. Essex Financial Services Inc.’s holdings in Archer Daniels Midland were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Archer Daniels Midland by 313.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock valued at $30,000 after acquiring an additional 386 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at $31,000. Hager Investment Management Services LLC lifted its position in shares of Archer Daniels Midland by 113.6% in the third quarter. Hager Investment Management Services LLC now owns 534 shares of the company’s stock valued at $32,000 after acquiring an additional 284 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at $35,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $82.61 on Tuesday. The stock’s 50-day moving average is $74.23 and its 200-day moving average is $67.43. The company has a market cap of $39.82 billion, a price-to-earnings ratio of 37.05 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $83.10.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities analysts anticipate that Archer Daniels Midland Company will post 4.43 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.

Insider Transactions at Archer Daniels Midland

In other news, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total value of $3,424,000.00. Following the completion of the sale, the senior vice president owned 300,122 shares in the company, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president owned 90,676 shares of the company’s stock, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADM shares. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Barclays upped their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group increased their target price on Archer Daniels Midland from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $74.50.

Archer Daniels Midland Company 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.