Aggressive’ Bullish Options Activity Seen in Archer Daniels Midland Company

 Aggressive' Bullish Options Activity Seen in Archer Daniels Midland Company

In today’s session Archer Daniels Midland Company (ADM) registered an unusually high (764) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ADM increase. With 764 contracts traded and 27454 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ADM170120C00045000 closed last at: $1.24 or 3.3% up. About 2.15 million shares traded hands. Archer Daniels Midland Company (NYSE:ADM) has risen 28.75% since March 31, 2016 and is uptrending. It has outperformed by 26.23% the S&P500.

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. Archer Daniels Midland Company has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Archer Daniels Midland Company (NYSE:ADM) has “Hold” rating given on Friday, February 12 by Argus Research. Bank of America downgraded Archer Daniels Midland Company (NYSE:ADM) on Monday, March 7 to “Neutral” rating. The rating was maintained by Macquarie Research on Monday, August 29 with “Outperform”. Argus Research upgraded the stock to “Buy” rating in Thursday, August 4 report. As per Wednesday, July 29, the company rating was downgraded by Citigroup. The stock has “Buy” rating given by Citigroup on Thursday, May 26. Standpoint Research upgraded the shares of ADM in a report on Thursday, January 7 to “Buy” rating. The stock has “Neutral” rating given by Buckingham Research on Wednesday, November 4. The company was downgraded on Thursday, April 28 by Standpoint Research. The rating was initiated by Buckingham Research on Monday, October 19 with “Neutral”.

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 Q2 2016. Its down 0.07, from 1.04 in 2016Q1. The ratio is negative, 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.
Bokf Na holds 0.02% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 13,333 shares. Gam Ag owns 221,392 shares or 0.15% of their US portfolio. State Farm Mutual Automobile Insurance Com, a Illinois-based fund reported 56.29M shares. State Treasurer State Of Michigan holds 0.04% or 122,325 shares in its portfolio. Bnp Paribas Invest Partners has invested 0.02% of its portfolio in Archer Daniels Midland Company (NYSE:ADM). Columbia Partners L L C Invest Mgmt accumulated 67,857 shares or 0.22% of the stock. Meiji Yasuda Asset Mgmt has 14,062 shares for 0.09% of their US portfolio. Cfo4life L P, a Texas-based fund reported 4,806 shares. Lingohr Partner Asset Management Gmbh has invested 0.84% of its portfolio in Archer Daniels Midland Company (NYSE:ADM). Goldman Sachs Group Inc Inc holds 0.04% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 2.67M shares. Victory Cap Mngmt holds 0.44% or 2.54M shares in its portfolio. Hightower Advisors Ltd Llc, a Illinois-based fund reported 24,745 shares. Mitsubishi Ufj Trust owns 1.22 million shares or 0.12% of their US portfolio. Commonwealth Equity Ser holds 129,451 shares or 0.05% of its portfolio. Convergence Prtnrs Ltd has invested 0.18% of its portfolio in Archer Daniels Midland Company (NYSE:ADM).

Insider Transactions: Since May 17, 2016, the stock had 1 buying transaction, and 4 insider sales for $3.22 million net activity. $1.14 million worth of shares were sold by D AMBROSE MICHAEL on Monday, May 23. Stott John P had sold 1,756 shares worth $66,171. 3,867 shares were sold by Taets Joseph D., worth $166,281 on Thursday, May 26. On Tuesday, May 17 Sanchez Francisco J bought $18,720 worth of the stock or 500 shares.

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 $29.71 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.

More recent Archer Daniels Midland Company (NYSE:ADM) news were published by: Fool.com which released: “Why Melco Crown, Barrick Gold, and Archer-Daniels-Midland Jumped Today” on November 01, 2016. Also Seekingalpha.com published the news titled: “Archer-Daniels-Midland (ADM) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016. Benzinga.com‘s news article titled: “Stocks Hitting 52-Week Highs” with publication date: November 01, 2016 was also an interesting one.

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