Supplemental Annuity Collective Trust Of Nj Has Raised Bank Amer (BAC) Stake By $302,383; Last Week Archer-Daniels-Midland Company (ADM) Coverage

April 23, 2018 - By Clifton Ray

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

Among 16 analysts covering Archer Daniels Midland Company (NYSE:ADM), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Archer Daniels Midland Company had 54 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of ADM in report on Tuesday, October 31 with “Hold” rating. The firm has “Neutral” rating given on Thursday, August 31 by Credit Suisse. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, September 13. On Monday, April 9 the stock rating was maintained by Buckingham Research with “Buy”. Stifel Nicolaus maintained the shares of ADM in report on Thursday, July 13 with “Hold” rating. Piper Jaffray initiated the stock with “Neutral” rating in Thursday, December 15 report. The firm earned “Neutral” rating on Monday, March 7 by Bank of America. The firm earned “Outperform” rating on Monday, August 29 by Macquarie Research. On Thursday, January 7 the stock rating was upgraded by Standpoint Research to “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, March 6. See Archer-Daniels-Midland Company (NYSE:ADM) latest ratings:

09/04/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $47 New Target: $53 Maintain
06/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $40 New Target: $42 Maintain
16/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $52.0 Maintain
15/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $45.0 Maintain
12/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $50.0 Upgrade
06/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
28/02/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Buy Upgrade
15/02/2018 Broker: Vertical Group Rating: Buy New Target: $49.0 Upgrade
07/02/2018 Broker: Stephens Old Rating: Equal-Weight New Rating: Overweight Upgrade
07/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $49.0 Maintain

Supplemental Annuity Collective Trust Of Nj increased Bank Amer Corp (BAC) stake by 6.97% reported in 2017Q4 SEC filing. Supplemental Annuity Collective Trust Of Nj acquired 10,427 shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Supplemental Annuity Collective Trust Of Nj holds 160,000 shares with $4.72M value, up from 149,573 last quarter. Bank Amer Corp now has $309.69B valuation. The stock increased 0.10% or $0.03 during the last trading session, reaching $30.29. About 9.31M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 23, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Macquarie Research on Tuesday, September 1. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, September 1 by Bernstein. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Keefe Bruyette & Woods on Sunday, August 13. The firm has “Buy” rating by Deutsche Bank given on Tuesday, January 26. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 5. The rating was initiated by Berenberg on Wednesday, July 13 with “Buy”. The firm has “Buy” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The company was maintained on Tuesday, June 6 by Jefferies. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, October 6. Oppenheimer has “Outperform” rating and $19 target. The company was maintained on Sunday, July 23 by Renaissance Macro Securities LLC.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Edge Wealth Management Llc holds 3.08% of its portfolio in Bank of America Corporation (NYSE:BAC) for 367,494 shares. Anson Funds LP holds 1.7% in Bank of America Corporation (NYSE:BAC) or 85,539 shares. Ascend Capital Llc holds 117,688 shares. Teewinot Capital Advisers Limited Liability Corporation accumulated 556,256 shares. Gamco Et Al reported 922,116 shares. Moreover, Spirit Of America Ny has 0.15% invested in Bank of America Corporation (NYSE:BAC) for 45,800 shares. Connable Office invested 1.25% in Bank of America Corporation (NYSE:BAC). 111,038 are owned by Two Sigma Securities Ltd Llc. Sterling Global Strategies Ltd Liability Corp has invested 1.93% in Bank of America Corporation (NYSE:BAC). Legacy Prns owns 80,840 shares for 1.18% of their portfolio. Park Circle has 0.02% invested in Bank of America Corporation (NYSE:BAC) for 1,000 shares. Old Point Trust & Finance Services N A accumulated 38,054 shares or 0.61% of the stock. Ftb has 0.66% invested in Bank of America Corporation (NYSE:BAC) for 231,738 shares. State Treasurer State Of Michigan holds 0.66% or 2.84 million shares in its portfolio. Rafferty Asset Mngmt Llc reported 2.14M shares.

Supplemental Annuity Collective Trust Of Nj decreased Monster Beverage Corp New stake by 14,000 shares to 4,000 valued at $253,000 in 2017Q4. It also reduced Unitedhealth Group Inc (NYSE:UNH) stake by 8,000 shares and now owns 2,000 shares. Facebook Inc (NASDAQ:FB) was reduced too.

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company has market cap of $25.43 billion. The Company’s Agricultural Services segment offers agricultural commodities, including oilseeds, corn, wheat, milo, oats, rice, and barley. It has a 16.31 P/E ratio. This segment also provides structured trade finance; and processes wheat into wheat flour.

Since March 12, 2018, it had 0 buys, and 2 insider sales for $952,039 activity. Another trade for 399 shares valued at $17,749 was made by Cuddy Christopher M on Monday, March 12. D AMBROSE MICHAEL had sold 20,762 shares worth $934,290 on Thursday, April 12.

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

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