Archer-Daniels-Midland Company (NYSE:ADM) Short Interest Up 8.7% in March

Archer-Daniels-Midland Company (NYSE:ADMGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,600,000 shares, an increase of 8.7% from the February 29th total of 6,990,000 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 6,390,000 shares, the short-interest ratio is presently 1.2 days.

Archer-Daniels-Midland Price Performance

ADM stock opened at $62.65 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 52-week low of $50.72 and a 52-week high of $87.30. The stock’s 50 day moving average is $56.09 and its two-hundred day moving average is $66.87. The company has a market capitalization of $31.94 billion, a PE ratio of 9.71 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter last year, the firm posted $1.93 earnings per share. Archer-Daniels-Midland’s revenue was down 11.4% compared to the same quarter last year. Analysts predict that Archer-Daniels-Midland will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of research analyst reports. Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price target for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. Barclays lowered Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a research note on Monday, January 22nd. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, TheStreet lowered Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.50.

View Our Latest Research Report on Archer-Daniels-Midland

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berkshire Asset Management LLC PA boosted its position in Archer-Daniels-Midland by 3.1% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 4,031 shares of the company’s stock valued at $305,000 after purchasing an additional 120 shares during the period. Rosenberg Matthew Hamilton boosted its position in Archer-Daniels-Midland by 7.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock valued at $167,000 after purchasing an additional 146 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Archer-Daniels-Midland by 1.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock worth $1,130,000 after acquiring an additional 146 shares during the period. Jeppson Wealth Management LLC boosted its position in Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after acquiring an additional 151 shares during the period. Finally, Carolinas Wealth Consulting LLC boosted its position in Archer-Daniels-Midland by 37.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock worth $55,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer-Daniels-Midland

(Get Free Report)

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.

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