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

Archer-Daniels-Midland Company (NYSE:ADM) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 6,680,000 shares, a decline of 8.1% from the October 31st total of 7,270,000 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average trading volume of 2,840,000 shares, the days-to-cover ratio is currently 2.4 days.

Insider Activity

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the business’s 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 transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $28,000. Finally, Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.6 %

NYSE:ADM traded down $0.33 on Monday, reaching $54.27. The stock had a trading volume of 3,842,774 shares, compared to its average volume of 4,179,074. Archer-Daniels-Midland has a 12-month low of $48.92 and a 12-month high of $77.35. The firm’s fifty day moving average is $55.89 and its two-hundred day moving average is $59.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 15.51 and a beta of 0.73.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $62.83.

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.