Essex Financial Services Inc. Sells 11,527 Shares of Archer Daniels Midland Company $ADM

Essex Financial Services Inc. reduced its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 61.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,274 shares of the company’s stock after selling 11,527 shares during the period. Essex Financial Services Inc.’s holdings in Archer Daniels Midland were worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ADM. Woodline Partners LP raised its stake in Archer Daniels Midland by 40.8% during the first quarter. Woodline Partners LP now owns 40,429 shares of the company’s stock worth $1,941,000 after acquiring an additional 11,715 shares in the last quarter. Daiwa Securities Group Inc. boosted 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 in the last quarter. Sei Investments Co. boosted 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 in the last quarter. Glenview Trust co bought a new stake in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $203,000. Finally, Treasurer of the State of North Carolina increased its position in Archer Daniels Midland by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 223,280 shares of the company’s stock worth $11,785,000 after purchasing an additional 5,051 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Stock Down 0.0%

Shares of NYSE:ADM opened at $76.77 on Friday. Archer Daniels Midland Company has a 1 year low of $52.23 and a 1 year high of $85.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The business’s 50-day moving average is $77.98 and its 200-day moving average is $70.57. The company has a market capitalization of $37.00 billion, a price-to-earnings ratio of 34.43 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business had revenue of $20.49 billion during the quarter, compared to the consensus estimate of $21.35 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts predict that Archer Daniels Midland Company will post 4.47 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, May 20th. Archer Daniels Midland’s payout ratio is presently 93.27%.

Analysts Set New Price Targets

ADM has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Barclays upped their price target on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. UBS Group increased their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, Morgan Stanley boosted their price objective 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 Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $75.33.

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.