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: Streetinsider.com which released: “Exclusive: Agribusiness giant ADM made buyout approach to Argentina’s” on November 09, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: ADM, Broadcom, CDK, Comcast, Ctrip, DaVita, Lowe’s, Monster Beverage …” published on November 08, 2018, Seekingalpha.com 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: Seekingalpha.com and their article: “What’s Wrong With Ethanol?” published on October 29, 2018 as well as Businesswire.com‘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

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