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

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

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.33 during midday trading on Monday, hitting $54.27. The company’s stock had a trading volume of 3,842,774 shares, compared to its average volume of 4,179,074. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $55.89 and its 200-day moving average price is $59.24. Archer-Daniels-Midland has a 12 month low of $48.92 and a 12 month high of $77.35. The company has a market capitalization of $25.97 billion, a PE ratio of 15.51 and a beta of 0.73.

Archer-Daniels-Midland Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADM shares. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley reduced their price objective on 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Activity

In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Archer-Daniels-Midland

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $26,000. Riverview Trust Co purchased a new position in Archer-Daniels-Midland during the 2nd quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new position in Archer-Daniels-Midland during the 2nd quarter valued at about $28,000. Finally, Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.