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

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

A number of equities analysts have recently issued reports on ADM shares. Zacks Investment Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Tuesday, February 4th. Monness Crespi & Hardt lowered shares of Archer Daniels Midland from a “neutral” rating to a “sell” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $48.00 target price on shares of Archer Daniels Midland in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.63.

Shares of NYSE ADM opened at $44.77 on Friday. The company’s 50 day simple moving average is $45.21 and its 200 day simple moving average is $42.11. Archer Daniels Midland has a fifty-two week low of $36.45 and a fifty-two week high of $47.20. The firm has a market capitalization of $25.20 billion, a P/E ratio of 13.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.92.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 13th will be issued a $0.36 dividend. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, February 12th. Archer Daniels Midland’s dividend payout ratio is currently 44.44%.

In other news, VP John P. Stott sold 6,673 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.00, for a total transaction of $306,958.00. Following the transaction, the vice president now directly owns 38,874 shares in the company, valued at $1,788,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph D. Taets sold 25,503 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $47.00, for a total transaction of $1,198,641.00. Following the transaction, the senior vice president now owns 203,816 shares in the company, valued at $9,579,352. The disclosure for this sale can be found here. Insiders have sold 38,811 shares of company stock worth $1,811,672 over the last quarter. 1.11% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADM. DNB Asset Management AS lifted its holdings in Archer Daniels Midland by 7.8% in the third quarter. DNB Asset Management AS now owns 104,126 shares of the company’s stock valued at $4,276,000 after buying an additional 7,544 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Archer Daniels Midland by 11.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,716 shares of the company’s stock valued at $1,425,000 after buying an additional 3,444 shares during the period. Advisor Partners LLC lifted its holdings in Archer Daniels Midland by 4.9% in the third quarter. Advisor Partners LLC now owns 11,373 shares of the company’s stock valued at $467,000 after buying an additional 533 shares during the period. Sawyer & Company Inc acquired a new position in Archer Daniels Midland in the third quarter valued at approximately $107,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Archer Daniels Midland by 33.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 334,624 shares of the company’s stock valued at $13,743,000 after buying an additional 84,677 shares during the period. Institutional investors and hedge funds own 76.79% of the company’s stock.

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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