In today’s session Archer Daniels Midland Company (ADM) registered an unusually high (634) 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 634 contracts traded and 38594 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ADM170120C00045000 closed last at: $0.58 or 18.3% down. About 411,324 shares traded hands. Archer Daniels Midland Company (NYSE:ADM) has risen 7.89% since April 28, 2016 and is uptrending. It has outperformed by 1.96% the S&P500.
Analysts await Archer Daniels Midland Company (NYSE:ADM) to report earnings on February, 7. They expect $0.83 earnings per share, up 36.07% or $0.22 from last year’s $0.61 per share. ADM’s profit will be $482.78M for 13.20 P/E if the $0.83 EPS becomes a reality. After $0.59 actual earnings per share reported by Archer Daniels Midland Company for the previous quarter, Wall Street now forecasts 40.68% 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 1.23% above today’s ($43.84) stock price. Archer Daniels Midland Company has been the topic of 18 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. As per Friday, November 11, the company rating was downgraded by JP Morgan. As per Monday, October 19, the company rating was initiated by Buckingham Research. The stock has “Neutral” rating given by Bank of America on Monday, March 7. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, November 4 report. The stock of Archer Daniels Midland Company (NYSE:ADM) earned “Buy” rating by Argus Research on Thursday, August 4. The firm has “Buy” rating by Standpoint Research given on Thursday, January 7. The firm has “Neutral” rating by Citigroup given on Wednesday, July 29. Macquarie Research maintained the shares of ADM in a report on Monday, August 29 with “Outperform” rating. The stock of Archer Daniels Midland Company (NYSE:ADM) has “Buy” rating given on Thursday, May 26 by Citigroup.
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 increased to 1.03 in 2016 Q2. Its up 0.06, from 0.97 in 2016Q1. The ratio is positive, 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.
Commonwealth Equity Services Inc, a Massachusetts-based fund reported 129,451 shares. Franklin Resources holds 0.23% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 9.89M shares. Alliancebernstein Ltd Partnership reported 1.34M shares or 0.05% of all its holdings. Gamco Et Al, a New York-based fund reported 770,161 shares. Goldman Sachs Grp Inc holds 0.04% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 2.67M shares. Cleararc accumulated 14,258 shares or 0.12% of the stock. Azimuth Cap Limited Liability Corporation holds 0.02% or 5,797 shares in its portfolio. Princeton Port Strategies Gp Lc, a New Jersey-based fund reported 6,664 shares. Nj State Employees Deferred Compensation Plan accumulated 15,000 shares or 0.14% of the stock. Apg Asset Mgmt Nv holds 0.42% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 5.18M shares. The California-based Clarivest Asset Mgmt Limited Liability Corp has invested 0.01% in Archer Daniels Midland Company (NYSE:ADM). Prudential Public Limited Company accumulated 0.55% or 3.27 million shares. Architects Inc has 1,173 shares for 0.01% of their US portfolio. United Retail Bank Va holds 0.78% or 18,420 shares in its portfolio. Moreover, Meiji Yasuda Life Insurance Co has 0.08% invested in Archer Daniels Midland Company (NYSE:ADM) for 11,090 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 3 sales for $2.96 million net activity. 20,762 shares with value of $979,117 were sold by D AMBROSE MICHAEL on Tuesday, November 1. On Wednesday, November 2 the insider Stott John P sold $115,436.
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 $25.50 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 important recent Archer Daniels Midland Company (NYSE:ADM) news were published by: Nytimes.com which released: “Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98” on November 17, 2016, also Wsj.com published article titled: “Archer Daniels Midland Results Top Views”, Businesswire.com published: “ADM Contributes More Than $390000 to Local Food Banks” on November 22, 2016. More interesting news about Archer Daniels Midland Company (NYSE:ADM) was released by: Seekingalpha.com and their article: “Dividend Aristocrats In Focus Part 50: Archer Daniels Midland” with publication date: November 23, 2016.
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