Archer-Daniels-Midland Company (NYSE:ADM) Short Interest Up 27.2% in April

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,540,000 shares, an increase of 27.2% from the March 31st total of 5,930,000 shares. Based on an average daily trading volume, of 4,050,000 shares, the days-to-cover ratio is currently 1.9 days.

In other Archer-Daniels-Midland news, CFO Ray G. Young sold 155,266 shares of the business’s stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $76.74, for a total transaction of $11,915,112.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher M. Cuddy sold 40,101 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $77.49, for a total transaction of $3,107,426.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,477 shares of company stock valued at $23,831,476. 1.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of Archer-Daniels-Midland by 2.9% during the fourth quarter. CIBC Asset Management Inc now owns 99,268 shares of the company’s stock worth $6,710,000 after acquiring an additional 2,768 shares during the last quarter. Community Trust & Investment Co. grew its position in shares of Archer-Daniels-Midland by 5.0% during the fourth quarter. Community Trust & Investment Co. now owns 44,401 shares of the company’s stock worth $3,001,000 after acquiring an additional 2,130 shares during the last quarter. Strategic Capital Advisers Inc. bought a new position in shares of Archer-Daniels-Midland during the fourth quarter worth about $2,357,000. Rockefeller Capital Management L.P. grew its position in shares of Archer-Daniels-Midland by 267.0% during the third quarter. Rockefeller Capital Management L.P. now owns 32,824 shares of the company’s stock worth $1,969,000 after acquiring an additional 23,881 shares during the last quarter. Finally, Centaurus Financial Inc. grew its position in shares of Archer-Daniels-Midland by 27.5% during the fourth quarter. Centaurus Financial Inc. now owns 2,428 shares of the company’s stock worth $164,000 after acquiring an additional 524 shares during the last quarter. 75.38% of the stock is currently owned by institutional investors.

Shares of NYSE:ADM opened at $90.33 on Wednesday. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.39 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 company’s fifty day moving average is $88.56 and its two-hundred day moving average is $75.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 1.42.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.49. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $20.61 billion. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. Sell-side analysts expect that Archer-Daniels-Midland will post 5.87 EPS for the current fiscal year.

ADM has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on shares of Archer-Daniels-Midland from $73.00 to $108.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. started coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, January 12th. They set a “hold” rating and a $74.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Zacks Investment Research cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a report on Tuesday, March 29th. Finally, Credit Suisse Group upped their price target on shares of Archer-Daniels-Midland from $80.00 to $92.00 in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.38.

About Archer-Daniels-Midland (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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