Archer-Daniels-Midland Company (ADM) Stock Price Hits 52-Week High Today

June 28, 2018 - By Richard Conner

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

Investors sentiment increased to 1.11 in 2018 Q1. 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.
Kentucky Retirement Systems invested 0.11% in Archer-Daniels-Midland Company (NYSE:ADM). Stratos Wealth holds 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM) for 5,980 shares. Shell Asset accumulated 37,195 shares or 0.03% of the stock. Amer Century has 19,635 shares for 0% of their portfolio. Bluecrest Cap Management stated it has 251,077 shares. Numerixs Investment has 0.22% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 20,529 shares. Old Republic reported 1.05% stake. State Of Alaska Department Of Revenue owns 0.07% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 78,354 shares. Pension holds 0.12% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM) for 566,094 shares. Jaffetilchin Ptnrs Lc invested 0.1% in Archer-Daniels-Midland Company (NYSE:ADM). Bnp Paribas Asset Mgmt Holding Sa invested in 0.01% or 30,491 shares. New York-based Laurion Mgmt Lp has invested 0.02% in Archer-Daniels-Midland Company (NYSE:ADM). Canandaigua Savings Bank Tru invested in 18,071 shares or 0.1% of the stock. Washington Capital Mgmt owns 1.15% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 26,365 shares. Nomura holds 0.01% or 152,343 shares.

Since March 12, 2018, it had 0 insider purchases, and 3 sales for $1.05 million activity. Stott John P sold $99,185 worth of stock. The insider D AMBROSE MICHAEL sold 20,762 shares worth $934,290.

The stock of Archer-Daniels-Midland Company (NYSE:ADM) hit a new 52-week high and has $50.45 target or 9.00 % above today’s $46.28 share price. The 7 months bullish chart indicates low risk for the $25.88 billion company. The 1-year high was reported on Jun, 28 by Barchart.com. If the $50.45 price target is reached, the company will be worth $2.33B 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 0.02% or $0.01 during the last trading session, reaching $46.28. About 339,562 shares traded. Archer-Daniels-Midland Company (NYSE:ADM) has risen 4.53% since June 28, 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 August, 7. They expect $0.75 earnings per share, up 31.58 % or $0.18 from last year’s $0.57 per share. ADM’s profit will be $419.39 million for 15.43 P/E if the $0.75 EPS becomes a reality. After $0.68 actual earnings per share reported by Archer-Daniels-Midland Company for the previous quarter, Wall Street now forecasts 10.29 % EPS growth.

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

Among 11 analysts covering Archer Daniels Midland (NYSE:ADM), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Archer Daniels Midland has $54 highest and $40.0 lowest target. $47.56’s average target is 2.77% above currents $46.28 stock price. Archer Daniels Midland had 14 analyst reports since January 22, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, May 2 by Citigroup. The stock of Archer-Daniels-Midland Company (NYSE:ADM) has “Buy” rating given on Tuesday, March 6 by Citigroup. The stock of Archer-Daniels-Midland Company (NYSE:ADM) earned “Hold” rating by BMO Capital Markets on Thursday, March 15. The stock of Archer-Daniels-Midland Company (NYSE:ADM) earned “Buy” rating by Vertical Group on Thursday, February 15. The firm has “Buy” rating by Buckingham Research given on Monday, April 9. The firm earned “Buy” rating on Friday, March 16 by Robert W. Baird. Stephens upgraded the shares of ADM in report on Wednesday, February 7 to “Overweight” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, March 12. Piper Jaffray maintained the shares of ADM in report on Wednesday, February 7 with “Hold” rating. On Wednesday, May 2 the stock rating was upgraded by Monness Crespi & Hardt to “Neutral”.

Another recent and important Archer-Daniels-Midland Company (NYSE:ADM) news was published by Seekingalpha.com which published an article titled: “Report: Rumor has Glencore taking a shine to Bunge for potential bid” on June 21, 2018.

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 $25.88 billion. It operates through four divisions: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. It has a 15.95 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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