Short Interest in Archer Daniels Midland Co (NYSE:ADM) Declines By 9.8%

Archer Daniels Midland Co (NYSE:ADM) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 10,730,000 shares, a decline of 9.8% from the January 15th total of 11,890,000 shares. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is presently 3.9 days. Approximately 1.9% of the company’s shares are sold short.

In other Archer Daniels Midland news, SVP Ambrose Michael D sold 6,635 shares of Archer Daniels Midland stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $46.13, for a total transaction of $306,072.55. Following the transaction, the senior vice president now directly owns 210,096 shares in the company, valued at approximately $9,691,728.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John P. Stott sold 6,673 shares of Archer Daniels Midland stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $46.00, for a total transaction of $306,958.00. Following the transaction, the vice president now owns 38,874 shares in the company, valued at $1,788,204. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,811 shares of company stock worth $1,811,672. Corporate insiders own 1.11% of the company’s stock.

Several large investors have recently modified their holdings of ADM. Captrust Financial Advisors lifted its position in Archer Daniels Midland by 174.4% during the 4th quarter. Captrust Financial Advisors now owns 34,850 shares of the company’s stock worth $1,607,000 after acquiring an additional 22,150 shares during the last quarter. Bluefin Trading LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth $683,000. Cubist Systematic Strategies LLC lifted its position in Archer Daniels Midland by 95.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 38,600 shares of the company’s stock worth $1,789,000 after acquiring an additional 18,810 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth $77,000. Finally, Blueshift Asset Management LLC acquired a new position in Archer Daniels Midland during the 4th quarter worth $1,044,000. 76.79% of the stock is owned by institutional investors.

Shares of NYSE:ADM opened at $44.77 on Friday. The firm has a fifty day moving average of $45.21 and a two-hundred day moving average of $42.11. The firm has a market capitalization of $25.20 billion, a P/E ratio of 13.93 and a beta of 1.05. Archer Daniels Midland has a 12-month low of $36.45 and a 12-month high of $47.20. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 0.40.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Wednesday, January 29th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.63. The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.31 billion. Archer Daniels Midland had a net margin of 2.13% and a return on equity of 9.63%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts expect that Archer Daniels Midland will post 3.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.35. Archer Daniels Midland’s dividend payout ratio (DPR) is 44.44%.

Several research firms have weighed in on ADM. Monness Crespi & Hardt cut shares of Archer Daniels Midland from a “neutral” rating to a “sell” rating and set a $38.00 price objective on the stock. in a research report on Thursday, January 9th. Zacks Investment Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, February 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $48.00 target price on shares of Archer Daniels Midland in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Archer Daniels Midland currently has a consensus rating of “Hold” and an average price target of $47.63.

Archer Daniels Midland Company Profile

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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