Archer Daniels Midland Company (NYSE:ADM).
Schwab Charles Investment Management Inc raised its ownership in Archer Daniels Midland Company shares by 15.5% as of the end of the last quarter. Its stake stood at $119,844,000 an increase of 18.7% according to the filing.
Here are some institutional investors who have increased or decreased their stake in (ADM). As of the end of the quarter Legal & General Group Plc had disposed of 3,617 shares trimming its holdings by 0.2%. The value in dollars increased from $60,401,000 to $61,919,000 increasing 2.5% since the last quarter. As of quarter end Proshare Advisors LLC had bought a total of 153,138 shares growing its position 11.0%. The value of the investment in (ADM) went from $57,462,000 to $65,541,000 a change of 14.1% for the reporting period.
Two Sigma Investments, Lp added to its stake by buying 1,790,078 shares an increase of 16,273.4%. Two Sigma Investments, Lp currently owns 1,801,078 shares worth $76,564,000. The total value of its holdings increased 16,727.3%.
November 1 investment analysts at Robert W. Baird made no change to the company rating of “Buy” targeting a price of $47.00. Equity analyst Monness Crespi & Hardt lowered the price target of the stock on November 1 changing the forecast from $38.00 to $37.00 with a rating of “Sell”.
Stifel Nicolaus issued a report on ADM and giving a rating of “Hold” and projecting a price target of $45.00. BMO Capital Markets lowered the price target on November 1 cutting the projection from $41.00 to $36.00 and issued a “Market Perform” rating.
On October 31 analysts at Piper Jaffray Companies released a research note on ADM with a rating of “Hold” and a price target of $39.00. Equity analyst Monness Crespi & Hardt released research on ADM setting a rating of “Sell”.
The company is so far trading down since yesterday’s close of 38.96. The company’s P/E ratio is 18.25 and market cap is 21.73B. As of the latest earnings report the EPS was $2.13 with 559.25M shares now outstanding.
Traders are more bullish on shares of Archer Daniels Midland Company recently if you take note of the change in short interest. The firm experienced a fall in short interest of -7.62% between October 13, 2017 and October 31, 2017. Short shares decreased from 12,640,941 to 11,677,262 over that timeframe. Days to cover decreased -2.0 to 4.0 and the percentage of shorted shares was 0.02% on October 31.