Archer Daniels Midland Co (NYSE:ADM) Short Interest Update

Archer Daniels Midland Co (NYSE:ADM) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 12,720,000 shares, an increase of 7.3% from the September 30th total of 11,860,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 2,940,000 shares, the days-to-cover ratio is presently 4.3 days.

In related news, VP John P. Stott sold 2,500 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $42.66, for a total transaction of $106,650.00. Following the sale, the vice president now directly owns 32,201 shares in the company, valued at approximately $1,373,694.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.11% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in shares of Archer Daniels Midland by 15.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,865 shares of the company’s stock worth $77,000 after purchasing an additional 254 shares in the last quarter. Buckley Wealth Management LLC boosted its holdings in shares of Archer Daniels Midland by 1.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 15,040 shares of the company’s stock worth $618,000 after purchasing an additional 265 shares in the last quarter. First Midwest Bank Trust Division boosted its holdings in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. First Midwest Bank Trust Division now owns 28,581 shares of the company’s stock worth $1,166,000 after purchasing an additional 272 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of Archer Daniels Midland by 0.5% in the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 60,841 shares of the company’s stock worth $2,482,000 after purchasing an additional 300 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in Archer Daniels Midland by 48.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock valued at $37,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

ADM has been the subject of several recent analyst reports. Robert W. Baird set a $48.00 target price on Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Peel Hunt restated a “hold” rating on shares of Archer Daniels Midland in a research report on Tuesday, October 22nd. Argus boosted their target price on Archer Daniels Midland from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Stephens initiated coverage on Archer Daniels Midland in a research report on Monday, October 7th. They set an “overweight” rating and a $50.00 target price for the company. Finally, ValuEngine upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Buy” and a consensus price target of $48.38.

Archer Daniels Midland stock traded up $0.09 during midday trading on Friday, hitting $42.87. 2,863,697 shares of the company’s stock were exchanged, compared to its average volume of 2,662,444. Archer Daniels Midland has a 52-week low of $36.45 and a 52-week high of $47.16. The stock has a 50-day moving average price of $41.10 and a two-hundred day moving average price of $40.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market cap of $23.82 billion, a P/E ratio of 12.25 and a beta of 1.10.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $16.18 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Archer Daniels Midland will post 2.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, November 20th. Archer Daniels Midland’s payout ratio is currently 40.00%.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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