Archer Daniels Midland Company $ADM Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 74.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,801 shares of the company’s stock after purchasing an additional 8,032 shares during the quarter. Essex Financial Services Inc.’s holdings in Archer Daniels Midland were worth $1,081,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. MUFG Securities EMEA plc grew its stake in Archer Daniels Midland by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 19,719 shares of the company’s stock valued at $1,134,000 after purchasing an additional 10,523 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $216,000. Norges Bank acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $402,743,000. Eurizon Capital SGR S.p.A. acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $32,020,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Archer Daniels Midland during the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Up 3.6%

Shares of NYSE ADM opened at $82.61 on Tuesday. The company has a market cap of $39.82 billion, a price-to-earnings ratio of 37.05 and a beta of 0.60. Archer Daniels Midland Company has a 12-month low of $46.81 and a 12-month high of $83.10. 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 50 day simple moving average is $74.23 and its 200 day simple moving average is $67.43.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The business 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 business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities research analysts expect that Archer Daniels Midland Company will post 4.43 EPS for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.5%. Archer Daniels Midland’s payout ratio is presently 93.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group lifted their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. UBS Group lifted 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. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.50.

Insider Buying and Selling at Archer Daniels Midland

In other Archer Daniels Midland news, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction on 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 sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. The trade was a 27.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by insiders.

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.