Archer-Daniels-Midland Company (ADM) Stock Is An 52-Week High Flier

July 12, 2018 - By Hannah Black

Archer-Daniels-Midland Company (NYSE:ADM) Logo

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.11, from 1 in 2017Q4. It increased, as 44 investors sold Archer-Daniels-Midland Company shares while 200 reduced holdings. 80 funds opened positions while 192 raised stakes. 414.45 million shares or 1.20% less from 419.48 million shares in 2017Q4 were reported.
Missouri-based Natl Bank has invested 0.02% in Archer-Daniels-Midland Company (NYSE:ADM). First Quadrant L P Ca reported 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Horrell Mngmt, Arkansas-based fund reported 1,350 shares. Apg Asset Management Nv holds 0.01% in Archer-Daniels-Midland Company (NYSE:ADM) or 171,696 shares. Veritable Limited Partnership accumulated 0.03% or 26,865 shares. Etrade Mgmt Ltd Llc has 44,575 shares. Hightower Advsr Limited Com stated it has 0.01% in Archer-Daniels-Midland Company (NYSE:ADM). Cornerstone Advsrs Inc owns 192 shares for 0.01% of their portfolio. Gamco Inc Et Al holds 689,015 shares or 0.2% of its portfolio. Acadian Asset Mgmt Llc stated it has 0.06% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Pinnacle Partners Inc holds 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM) for 1,388 shares. Parametric Assocs Limited Liability holds 0.09% or 2.00M shares in its portfolio. Atria Limited Company owns 67,295 shares. 210 are held by Arcadia Mgmt Mi. Arizona State Retirement Sys owns 171,792 shares.

Since March 12, 2018, it had 0 insider purchases, and 4 selling transactions for $1.11 million activity. Another trade for 1,294 shares valued at $60,857 was made by Stott John P on Monday, July 9. 399 shares were sold by Cuddy Christopher M, worth $17,749.

The stock of Archer-Daniels-Midland Company (NYSE:ADM) hit a new 52-week high and has $50.10 target or 4.00 % above today’s $48.17 share price. The 8 months bullish chart indicates low risk for the $26.94 billion company. The 1-year high was reported on Jul, 12 by Barchart.com. If the $50.10 price target is reached, the company will be worth $1.08B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.67% or $0.32 during the last trading session, reaching $48.17. About 260,318 shares traded. Archer-Daniels-Midland Company (NYSE:ADM) has risen 4.53% since July 12, 2017 and is uptrending. It has underperformed by 8.04% the S&P500.

Analysts await Archer-Daniels-Midland Company (NYSE:ADM) to report earnings on July, 31 before the open. They expect $0.76 EPS, up 33.33 % or $0.19 from last year’s $0.57 per share. ADM’s profit will be $424.98 million for 15.85 P/E if the $0.76 EPS becomes a reality. After $0.68 actual EPS reported by Archer-Daniels-Midland Company for the previous quarter, Wall Street now forecasts 11.76 % EPS growth.

Archer-Daniels-Midland Company (NYSE:ADM) Ratings Coverage

Among 12 analysts covering Archer Daniels Midland (NYSE:ADM), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Archer Daniels Midland has $54 highest and $40.0 lowest target. $47.56’s average target is -1.27% below currents $48.17 stock price. Archer Daniels Midland had 15 analyst reports since January 22, 2018 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, February 7 report. The firm has “Hold” rating by Stifel Nicolaus given on Monday, January 22. The firm earned “Buy” rating on Wednesday, February 28 by Buckingham Research. Citigroup upgraded Archer-Daniels-Midland Company (NYSE:ADM) on Tuesday, March 6 to “Buy” rating. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 15. The stock has “Buy” rating by Buckingham Research on Monday, April 9. Vertical Group upgraded it to “Buy” rating and $49.0 target in Thursday, February 15 report. The company was maintained on Wednesday, February 7 by Robert W. Baird. The company was upgraded on Monday, July 9 by JP Morgan. The rating was maintained by Credit Suisse on Friday, April 6 with “Neutral”.

More recent Archer-Daniels-Midland Company (NYSE:ADM) news were published by: Streetinsider.com which released: “Cargill profit more than doubles on higher beef demand” on July 12, 2018. Also Businesswire.com published the news titled: “ADM Expands Health & Wellness Capabilities With Agreement to Acquire Probiotics International Limited” on June 29, 2018. Seekingalpha.com‘s news article titled: “ADM announces proposed deal for Neovia” with publication date: July 02, 2018 was also an interesting one.

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company has market cap of $26.94 billion. It operates through four divisions: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. It has a 16.6 P/E ratio. The firm offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Archer-Daniels-Midland Company (NYSE:ADM) Institutional Positions Chart

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