Archer-Daniels-Midland Company (NYSE:ADM) Short Interest Update

Archer-Daniels-Midland Company (NYSE:ADM) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 8,090,000 shares, a decline of 10.1% from the September 15th total of 9,000,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

ADM has been the subject of several research reports. UBS Group lifted their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Citigroup decreased their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.62.

Archer-Daniels-Midland Stock Up 1.1 %

ADM stock opened at $58.29 on Thursday. The business has a 50-day moving average of $59.49 and a 200-day moving average of $60.88. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The stock has a market capitalization of $28.82 billion, a P/E ratio of 10.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter last year, the business earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Archer-Daniels-Midland will post 5.33 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Juan R. Luciano sold 170,194 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last ninety days. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently modified their holdings of the company. EP Wealth Advisors LLC lifted its holdings in Archer-Daniels-Midland by 33.7% during the 4th quarter. EP Wealth Advisors LLC now owns 8,486 shares of the company’s stock valued at $613,000 after purchasing an additional 2,139 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at about $54,000. SageView Advisory Group LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $314,000. ICA Group Wealth Management LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $89,000. Finally, HighPoint Advisor Group LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $708,000. 78.28% of the stock is owned by institutional investors.

About Archer-Daniels-Midland

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.