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

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 6,590,000 shares, a growth of 23.4% from the May 15th total of 5,340,000 shares. Based on an average trading volume of 4,140,000 shares, the short-interest ratio is presently 1.6 days.

ADM has been the subject of several recent research reports. Robert W. Baird boosted their price target on Archer-Daniels-Midland from $73.00 to $108.00 in a report on Wednesday, April 27th. The Goldman Sachs Group increased their target price on shares of Archer-Daniels-Midland from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, March 16th. Credit Suisse Group upped their price target on shares of Archer-Daniels-Midland from $80.00 to $92.00 in a research report on Wednesday, April 27th. Barclays raised their price objective on shares of Archer-Daniels-Midland from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Finally, Stifel Nicolaus upped their target price on shares of Archer-Daniels-Midland from $80.00 to $100.00 in a report on Wednesday, April 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.25.

In related news, CFO Vikram Luthar sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $89.59, for a total transaction of $671,925.00. Following the completion of the sale, the chief financial officer now owns 72,302 shares in the company, valued at $6,477,536.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Archer-Daniels-Midland by 3.2% during the first quarter. Vanguard Group Inc. now owns 61,191,813 shares of the company’s stock worth $5,523,173,000 after purchasing an additional 1,919,844 shares during the last quarter. Capital World Investors boosted its position in Archer-Daniels-Midland by 7.5% in the 1st quarter. Capital World Investors now owns 43,379,355 shares of the company’s stock valued at $3,915,421,000 after buying an additional 3,016,611 shares during the period. BlackRock Inc. grew its stake in Archer-Daniels-Midland by 6.8% in the 1st quarter. BlackRock Inc. now owns 41,829,477 shares of the company’s stock worth $3,775,525,000 after acquiring an additional 2,665,942 shares in the last quarter. State Street Corp increased its position in shares of Archer-Daniels-Midland by 2.5% during the first quarter. State Street Corp now owns 31,608,017 shares of the company’s stock worth $2,852,940,000 after acquiring an additional 773,457 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,812,461 shares of the company’s stock valued at $729,430,000 after acquiring an additional 271,826 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

Shares of ADM stock opened at $77.31 on Friday. The company has a market cap of $43.50 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.91 and a beta of 0.75. Archer-Daniels-Midland has a 1 year low of $56.91 and a 1 year high of $98.88. The stock’s 50 day simple moving average is $88.82 and its two-hundred day simple moving average is $80.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.55. The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $20.61 billion. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. Equities research analysts expect that Archer-Daniels-Midland will post 6.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, May 17th. Archer-Daniels-Midland’s payout ratio is currently 29.47%.

Archer-Daniels-Midland Company Profile (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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