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

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

Archer-Daniels-Midland Trading Down 2.3 %

Archer-Daniels-Midland stock traded down $1.24 during midday trading on Wednesday, reaching $51.93. The stock had a trading volume of 1,223,118 shares, compared to its average volume of 4,170,704. 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 company has a fifty day moving average of $55.61 and a 200 day moving average of $59.13. Archer-Daniels-Midland has a 52-week low of $48.92 and a 52-week high of $77.35. The firm has a market cap of $24.85 billion, a price-to-earnings ratio of 14.99 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ADM shares. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday. UBS Group raised their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Barclays decreased their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $61.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Empower Advisory Group LLC lifted its holdings in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after buying an additional 68,133 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after purchasing an additional 489,554 shares during the last quarter. Marathon Asset Management Ltd grew its stake in Archer-Daniels-Midland by 4.5% in the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after purchasing an additional 13,177 shares during the last quarter. CFS Investment Advisory Services LLC bought a new position in Archer-Daniels-Midland in the third quarter worth about $1,526,000. Finally, Bank of Montreal Can boosted its holdings in shares of Archer-Daniels-Midland by 8.6% in the 3rd quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock valued at $33,580,000 after buying an additional 44,241 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

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.