Archer Daniels Midland Company Draws Bearish Options Activity Today

 Archer Daniels Midland Company Draws Bearish Options Activity Today

In today’s session Archer Daniels Midland Company (ADM) recorded an unusually high (467) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ADM decrease. With 467 contracts traded and 2534 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ADM170120P00036000 closed last at: $0.43 or 12.2% down. About 352,459 shares traded hands. Archer Daniels Midland Company (NYSE:ADM) has risen 14.63% since March 4, 2016 and is uptrending. It has outperformed by 6.60% the S&P500.

Analysts await Archer Daniels Midland Company (NYSE:ADM) to report earnings on November, 1. They expect $0.54 EPS, down 10.00% or $0.06 from last year’s $0.6 per share. ADM’s profit will be $313.37 million for 19.86 P/E if the $0.54 EPS becomes a reality. After $0.41 actual EPS reported by Archer Daniels Midland Company for the previous quarter, Wall Street now forecasts 31.71% EPS growth.

Archer Daniels Midland Company (NYSE:ADM) Ratings Coverage

Out of 9 analysts covering Archer Daniels Midland Company (NYSE:ADM), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $54 is the highest target while $33 is the lowest. The $44.38 average target is 3.47% above today’s ($42.89) stock price. Archer Daniels Midland Company has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Citigroup downgraded Archer Daniels Midland Company (NYSE:ADM) rating on Wednesday, July 29. Citigroup has “Neutral” rating and $51 price target. Buckingham Research initiated Archer Daniels Midland Company (NYSE:ADM) rating on Monday, October 19. Buckingham Research has “Neutral” rating and $49 price target. The stock of Archer Daniels Midland Company (NYSE:ADM) earned “Hold” rating by Argus Research on Friday, February 12. Argus Research upgraded the shares of ADM in a report on Thursday, August 4 to “Buy” rating. On Thursday, April 28 the stock rating was downgraded by Standpoint Research to “Hold”. The firm earned “Neutral” rating on Wednesday, November 4 by Buckingham Research. The stock has “Neutral” rating given by Bank of America on Monday, March 7. Macquarie Research maintained Archer Daniels Midland Company (NYSE:ADM) rating on Monday, August 29. Macquarie Research has “Outperform” rating and $50 price target. The rating was upgraded by Standpoint Research to “Buy” on Thursday, January 7. The rating was upgraded by Citigroup to “Buy” on Thursday, May 26.

According to Zacks Investment Research, “Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. It manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. Archer-Daniels-Midland Company is headquartered in Decatur, Illinois.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.07, from 1.04 in 2016Q1. The ratio worsened, as 51 funds sold all Archer Daniels Midland Company shares owned while 218 reduced positions. 70 funds bought stakes while 190 increased positions. They now own 416.55 million shares or 4.91% less from 438.05 million shares in 2016Q1.
Meeder Asset Management accumulated 0.13% or 32,731 shares. Savant Ltd Liability last reported 7,691 shares in the company. Westfield Cap Management L P has invested 0.05% of its portfolio in Archer Daniels Midland Company (NYSE:ADM). Commonwealth Equity reported 129,451 shares or 0.05% of all its holdings. Matarin Cap Mngmt last reported 0% of its portfolio in the stock. Raymond James Advsr last reported 0.02% of its portfolio in the stock. The Tennessee-based Delta Asset Ltd Liability Corporation Tn has invested 0.01% in Archer Daniels Midland Company (NYSE:ADM). Markel Corp reported 1.46 million shares or 1.65% of all its holdings. Proshare Advisors Ltd Liability Com holds 0.62% or 1.12M shares in its portfolio. The New York-based Arrow has invested 0% in Archer Daniels Midland Company (NYSE:ADM). First Personal Fincl Serv holds 0.01% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 500 shares. Independent Port Consultants accumulated 4,055 shares or 0.05% of the stock. California Employees Retirement Systems has 0.13% invested in the company for 1.81M shares. Hermes Ltd has 19,750 shares for 0.02% of their US portfolio. Monetary Gp accumulated 3,500 shares or 0.07% of the stock.

Insider Transactions: Since May 17, 2016, the stock had 1 buying transaction, and 4 sales for $3.22 million net activity. $166,281 worth of Archer Daniels Midland Company (NYSE:ADM) was sold by Taets Joseph D. on Thursday, May 26. 41,525 shares were sold by D AMBROSE MICHAEL, worth $1.87 million. 1,756 Archer Daniels Midland Company (NYSE:ADM) shares with value of $66,171 were sold by Stott John P. Sanchez Francisco J had bought 500 shares worth $18,720.

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat and other agricultural commodities and makes protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The company has a market cap of $24.89 billion.

ADM Company Profile

Archer-Daniels-Midland Company, incorporated on May 2, 1923, is a processor of oilseeds, corn, wheat and other agricultural commodities. The Firm makes protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The Company’s divisions include Agricultural Services; Corn Processing; Oilseeds Processing; Wild Flavors and Specialty Ingredients; Others, and Corporate. The Firm 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 Firm is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.

Another recent and important Archer Daniels Midland Company (NYSE:ADM) news was published by Prnewswire.com which published an article titled: “Ginkgo Bioworks to Design Custom Microorganisms for ADM” on September 23, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment