Johnson Financial Group Inc. Raises Stake in Archer Daniels Midland Company (ADM)

Annette Crawford
December 7, 2017

During the last 52 weeks, the (NYSE:ADM) price has been as high as $47.44 and as low as $38.59. About 1.80 million shares traded. Archer-Daniels-Midland Company (NYSE:ADM) has risen 8.16% since December 6, 2016 and is uptrending. Archer Daniels Midland Company had 42 analyst reports since July 29, 2015 according to SRatingsIntel. American Century Companies Inc. now owns 237,086 shares of the company's stock worth $10,079,000 after purchasing an additional 220,459 shares in the last quarter. Eog Resources Inc now has $57.48B valuation. The stock increased 0.56% or $0.55 during the last trading session, reaching $99.41. With 2.95 million shares average volume, it will take short sellers 4 days to cover their ADM's short positions.

The stock of Archer Daniels Midland Company (NYSE:ADM) registered a decrease of 7.62% in short interest. It has underperformed by 8.54% the S&P500. Calamos Wealth Management Llc acquired 7,308 shares as Eog Resources Inc (EOG)'s stock declined 5.27%. Sony Corp (Put) (NYSE:SNE) was reduced too. Credit Suisse Group AG restated a hold rating and set a $46.00 price target on shares of Archer Daniels Midland Company in a research note on Friday, April 7th. Therefore 14% are positive. The stock of Zendesk, Inc. (NYSE:EOG) on Monday, October 3 to "Hold" rating. The stock has "Neutral" rating by Piper Jaffray on Thursday, December 15. Jefferies downgraded the shares of RDY in report on Wednesday, July 27 to "Underperform" rating. The rating was maintained by Robert W. Baird with "Buy" on Friday, October 13. BMO Capital Markets maintained it with "Market Perform" rating and $36 target in Wednesday, November 1 report. During the same quarter last year, the firm posted $0.59 earnings per share. research analysts anticipate that Archer Daniels Midland Company will post 2.35 EPS for the current year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. ADM's profit will be $397.07 million for 14.56 P/E if the $0.71 EPS becomes a reality. The company reported the earnings of $0.45/Share in the last quarter where the estimated EPS by analysts was $0.56/share. It also upped Signet Jewelers Limited (NYSE:SIG) stake by 495,011 shares and now owns 2.93M shares.

A stock's average trade volume, as recorder over the short, medium and long terms, is helpful to analyze in order to gain a better understanding of trading activity and investor sentiment. Its down 0.12, from 1 in 2017Q1. It dropped, as 62 investors sold ADM shares while 224 reduced holdings. 66 funds opened positions while 185 raised stakes. 405.00 million shares or 0.21% less from 405.85 million shares in 2017Q1 were reported. These analysts have also projected a Low Estimate of $0.65/share and a High Estimate of $0.77/share. A 2 analysts rate it as either a buy or a strong buy, while3 believe that investors should either steer clear of ADM or, if they already own its stock, sell it.

Archer-Daniels-Midland Company (ADM) has demonstrated a 20-day simple moving average (SMA) of 3.88%, and a 50-day SMA of -0.64%. Also, it has an estimated price-earnings (P/E) multiple of 17.12 and a trailing 12-month price-earnings (P/E) multiple of 7.81. Hills Bancorporation And Trust has invested 0.08% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Prudential Fincl reported 2.08 million shares. Dimensional Fund Advsr Lp holds 5.40 million shares. Azimuth Cap Mngmt Limited reported 0.02% stake. Sii Invests Wi accumulated 117,522 shares. Cadence Ltd Limited Liability Company owns 145,406 shares for 0.42% of their portfolio. 381,768 were reported by Schroder Invest Mgmt Group Inc. American Assets Management Ltd Liability invested in 0.05% or 2,800 shares. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Archer Daniels Midland in the third quarter worth $202,000. "Raises Stake in Archer Daniels Midland Company (ADM)" was originally published by StockNewsTimes and is owned by of StockNewsTimes.

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