Shares of the company are trading at $40.87 which is slightly below the 50 day moving average of $43.23 and just a bit lower than the 200 day moving average of $42.47. The 50 day moving average was down $-2.36 or -5.46% and the 200 day average moved down $-1.60. 2,200K shares changed hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 1.56% under the normal average daily volume.
Short traders are feeling a little more bearish on Archer-Daniels-Midland Company lately as evidenced by the motion in short interest. The company realized a rise in short interest of 16.20% between September 29, 2017 and October 13, 2017. Short interest increased 1,762,741 over that period. Days to cover increased 2.0 to 6.0 and the short interest percentage is 0.02% as of October 13.
These funds have shifted positions in (ADM). Aperio Group, LLC grew its position by buying 15,848 shares an increase of 6.8% in the quarter. Aperio Group, LLC controls 248,669 shares worth $10,571,000. The value of the position overall is up by 9.7%. Cornerstone Advisors, Inc. bolstered its holdings by buying 29 shares an increase of 15.1% from 06/30/2017 to 09/30/2017. Cornerstone Advisors, Inc. claims 221 shares with a value of $9,000. The total value of its holdings increased 12.5%.
As of quarter end Tokio Marine Asset Management Co Ltd had disposed of a total of 1,524 shares trimming its holdings by 15.4%. The value in dollars decreased from $409,000 to $355,000 a change of $54,000 for the reporting period. As of the end of the quarter Andra Ap-fonden had sold 6,400 shares trimming its position 7.6%. The value of the total investment in Archer-Daniels-Midland Company went from $3,480,000 to $3,303,000 a change of 5.1% since the last quarter.
On September 12 analysts at Baird began coverage by announcing an initial rating of “Outperform”. On September 28 the company was downgraded to “Neutral” from “Buy” in a report issued by Citigroup.
The company is down from yesterday’s close of $40.87. The company also recently announced a dividend for shareholders which was paid on Thursday September 7th, 2017. The dividend payment was $0.320 per share for the quarter or $1.28 annualized. This dividend amount represented a yield of $2.97. The ex-dividend date was Tuesday the 15th of August 2017.
The P/E ratio is currently 17.28 and the market cap of the company is 22.99B. In the latest earnings report the EPS was $2.37 and is expected to be $2.49 for the current year with 562,547,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.76 and the next full year EPS is projected to be $2.85.
Archer-Daniels-Midland Company, launched on May 2, 1923, is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The Business’s segments include Agricultural Services, Corn Processing, Oilseeds Processing, Wild Flavors and Specialty Ingredients, Other and Corporate. Its geographical segments include the United States, Switzerland, Cayman Islands and Germany. The Company also has a global grain elevator and transportation network to procure, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats and barley, as well as processed agricultural commodities. The Company is involved in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The Company also processes corn, oilseeds, and wheat into products for food, animal feed, chemical and energy uses..Advertisement