Should Investors Be Buying Archer-Daniels Midland (NYSE:ADM) Stock Following Today’s Argus Upgrade?

November 9, 2018 - By Adrian Erickson

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

Investors sentiment decreased to 1.09 in 2018 Q2. Its down 0.02, from 1.11 in 2018Q1. It worsened, as 40 investors sold Archer-Daniels-Midland Company shares while 205 reduced holdings. 74 funds opened positions while 194 raised stakes. 416.79 million shares or 0.56% more from 414.45 million shares in 2018Q1 were reported.

Pinebridge Invs Ltd Partnership invested in 2,932 shares. Ameritas Investment Ptnrs reported 0.06% in Archer-Daniels-Midland Company (NYSE:ADM). Moreover, Rampart Invest Mgmt Ltd Llc has 0.03% invested in Archer-Daniels-Midland Company (NYSE:ADM). State Farm Mutual Automobile Insurance holds 56.29 million shares or 3.45% of its portfolio. Tokio Marine Asset Mgmt owns 0.05% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 5,465 shares. Bokf Na accumulated 10,927 shares or 0.01% of the stock. Tiverton Asset Mgmt Lc holds 0.01% or 4,397 shares in its portfolio. Employees Retirement Of Ohio reported 231,405 shares. Td Asset Mgmt reported 0.05% in Archer-Daniels-Midland Company (NYSE:ADM). Moreover, Balyasny Asset Mngmt Limited Com has 0.25% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 1.21 million shares. Nuveen Asset Management Lc owns 29,860 shares. Anchor Bolt Lp accumulated 822,813 shares. Manufacturers Life The owns 550,378 shares or 0.03% of their US portfolio. Ftb Advisors Inc reported 5,418 shares or 0.02% of all its holdings. Geode Mngmt Llc holds 6.55 million shares or 0.09% of its portfolio.

Since June 22, 2018, it had 0 buys, and 5 sales for $5.31 million activity. Another trade for 1,294 shares valued at $60,857 was sold by Stott John P. Taets Joseph D. had sold 2,153 shares worth $109,803 on Monday, August 27.

Archer-Daniels Midland (NYSE:ADM) Stock Upgrade

Argus raised the shares of Archer-Daniels Midland (NYSE:ADM) from a “Hold” rating to “Buy” rating in analysts report sent to clients and investors on Thursday morning.

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

Among 4 analysts covering Archer-Daniels Midland (NYSE:ADM), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Archer-Daniels Midland has $57 highest and $50 lowest target. $52.33’s average target is 7.74% above currents $48.57 stock price. Archer-Daniels Midland had 4 analyst reports since July 9, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, August 3. The stock of Archer-Daniels-Midland Company (NYSE:ADM) has “Market Perform” rating given on Wednesday, August 1 by BMO Capital Markets. The rating was upgraded by JP Morgan to “Neutral” on Monday, July 9. The firm has “Buy” rating given on Wednesday, August 1 by Buckingham Research.

The stock increased 0.56% or $0.27 during the last trading session, reaching $48.57. About 3.62M shares traded or 8.32% up from the average. Archer-Daniels-Midland Company (NYSE:ADM) has risen 15.46% since November 9, 2017 and is uptrending. It has underperformed by 0.16% the S&P500.

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company has market cap of $27.19 billion. The Company’s Agricultural Services segment offers agricultural commodities, including oilseeds, corn, wheat, milo, oats, rice, and barley. It has a 14.18 P/E ratio. This segment also provides structured trade finance; and processes wheat into wheat flour.

More notable recent Archer-Daniels-Midland Company (NYSE:ADM) news were published by: which released: “Exclusive: Agribusiness giant ADM made buyout approach to Argentina’s” on November 09, 2018, also with their article: “Top Analyst Upgrades and Downgrades: ADM, Broadcom, CDK, Comcast, Ctrip, DaVita, Lowe’s, Monster Beverage …” published on November 08, 2018, published: “ADM and other top grain traders partner to digitize global trades” on October 25, 2018. More interesting news about Archer-Daniels-Midland Company (NYSE:ADM) were released by: and their article: “What’s Wrong With Ethanol?” published on October 29, 2018 as well as‘s news article titled: “ADM Reports Third Quarter Earnings of $0.94 per Share, $0.92 per Share on an Adjusted Basis” with publication date: November 06, 2018.

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

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.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News