Essex Financial Services Inc. Has $529,000 Stock Holdings in Archer Daniels Midland Company $ADM

Essex Financial Services Inc. trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 61.3% in the first quarter, according to its most recent 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Archer Daniels Midland by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after purchasing an additional 536,265 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Archer Daniels Midland by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock valued at $1,082,487,000 after buying an additional 449,815 shares in the last quarter. Dodge & Cox grew its holdings in shares of Archer Daniels Midland by 13.4% during the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock valued at $982,196,000 after buying an additional 2,016,101 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock valued at $723,175,000 after buying an additional 109,556 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Archer Daniels Midland by 5.7% during the fourth quarter. Northern Trust Corp now owns 11,431,704 shares of the company’s stock worth $657,209,000 after acquiring an additional 612,974 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Zacks Research lowered Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. UBS Group increased their price objective on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Morgan Stanley raised their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group lifted their target price on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $75.33.

Archer Daniels Midland Trading Down 0.0%

NYSE:ADM opened at $76.77 on Friday. Archer Daniels Midland Company has a 12 month low of $52.23 and a 12 month high of $85.37. 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 firm’s 50 day moving average is $77.98 and its 200 day moving average is $70.57. The stock has a market capitalization of $37.00 billion, a PE ratio of 34.43 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $21.35 billion. During the same period in the prior year, the company earned $0.70 earnings per share. Archer Daniels Midland’s revenue was up 1.6% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Sell-side analysts expect that Archer Daniels Midland Company will post 4.47 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

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

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.