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

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

Institutional Trading of Archer-Daniels-Midland

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

Analyst Upgrades and Downgrades

Several analysts recently commented on ADM shares. UBS Group raised their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $62.83.

Archer-Daniels-Midland Stock Down 2.0 %

NYSE ADM traded down $1.07 during trading on Tuesday, hitting $53.20. The company’s stock had a trading volume of 5,193,837 shares, compared to its average volume of 4,183,898. 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 business’s 50 day simple moving average is $55.89 and its 200-day simple moving average is $59.24. The company has a market cap of $25.46 billion, a PE ratio of 15.51 and a beta of 0.72. Archer-Daniels-Midland has a fifty-two week low of $48.92 and a fifty-two week high of $77.35.

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland Company Profile

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.