A mixed perspective surrounds
Archer Daniels Midland Company (ADM). Various investment firms have taken or increased positions in the company, indicating confidence in ADM's potential.
Sei Investments Co., Pictet Asset Management, Allianz SE, and others have acquired or increased their ADM shares. However, others including Clearbridge Investments LLC and Corebridge Financial Inc. reduced their stake in ADM. A non-binding MOU is signed between
ADM and Mitsubishi Corporation, looking to explore global agriculture synergies.
Norges Bank, Korea Investment Corp, and UniSuper Management Pty Ltd also bolstered their ADM holdings.
However, ADM faces headwinds. The company's
stock dipped amidst soybean tariff tensions and job cuts within their grain trading division. ADM also underwent a securities fraud case. Despite this, the company advances in the market with a strong dividend yield. Questions on ADM's governance arise with calls for
CEO Luciano's resignation.
The potential sale of ADM's futures clearing business and expected layoffs up to 700 also signals challenges for the company.
Archer Daniels Midland Company ADM News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sun, 06 Apr 2025 01:00:45 GMT -
Rating 0
- Innovation 2
- Information 5
- Rumor -4
