Archer Daniels Midland Company (NYSE:ADM) Sees Significant Decline in Short Interest

Key Points

• Archer Daniels Midland Company experienced a significant 34.1% decline in short interest, dropping from 13,240,000 shares to 8,730,000 shares as of July 31st.
• The company reported earnings per share of $0.93 for the latest quarter, exceeding analysts' expectations of $0.88, although revenue fell by 4.9% year-over-year.
• Archer Daniels Midland declared a quarterly dividend of $0.51, resulting in a 3.4% dividend yield, with an upcoming payment date of September 10th.

Archer Daniels Midland Company (NYSE:ADM - Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,730,000 shares, adropof34.1% from the July 15th total of 13,240,000 shares. Currently,1.8% of the shares of the company are short sold. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 2.5 days. Currently,1.8% of the shares of the company are short sold.

Archer Daniels Midland Stock Up 0.5%

NYSE ADM traded up $0.2710 during mid-day trading on Tuesday, reaching $59.9410. 3,474,285 shares of the company's stock traded hands, compared to its average volume of 3,967,999. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $62.61. The company has a fifty day simple moving average of $54.75 and a 200-day simple moving average of $49.91. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 3.18 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same quarter last year, the firm earned $1.03 EPS. Archer Daniels Midland's quarterly revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, equities research analysts expect that Archer Daniels Midland will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Archer Daniels Midland's dividend payout ratio (DPR) is 89.87%.

Wall Street Analysts Forecast Growth

ADM has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group reissued a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.71.

Institutional Trading of Archer Daniels Midland

Several hedge funds have recently added to or reduced their stakes in ADM. SOA Wealth Advisors LLC. bought a new stake in shares of Archer Daniels Midland in the 2nd quarter worth $25,000. S.A. Mason LLC acquired a new position in shares of Archer Daniels Midland in the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new stake in Archer Daniels Midland in the 1st quarter worth about $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Archer Daniels Midland during the second quarter worth approximately $32,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Archer Daniels Midland in the second quarter valued at about $36,000. Institutional investors own 78.28% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.