Archer-Daniels-Midland Company (NYSE:ADM – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,170,000 shares, an increase of 19.6% from the August 15th total of 7,670,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 3,240,000 shares, the short-interest ratio is currently 2.8 days.
Insider Activity
In other news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Juan R. Luciano sold 3,683 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last 90 days. Company insiders own 1.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cherry Tree Wealth Management LLC purchased a new position in Archer-Daniels-Midland during the 1st quarter worth $27,000. Riverview Trust Co purchased a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Archer-Daniels-Midland in the second quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $30,000. Finally, Rise Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Stock Up 1.3 %
NYSE:ADM traded up $0.77 during midday trading on Friday, hitting $60.39. 1,837,430 shares of the company were exchanged, compared to its average volume of 4,564,696. The company has a fifty day simple moving average of $61.03 and a 200 day simple moving average of $60.71. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $80.96. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $29.86 billion, a PE ratio of 10.59 and a beta of 0.72.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Archer-Daniels-Midland will post 5.33 earnings per share for the current fiscal year.
Archer-Daniels-Midland Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s payout ratio is currently 35.09%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. UBS Group raised their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.62.
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.