Archer Daniels Midland Company (ADM) is in the midst of a sprawling criminal investigation involving their internal transactions. The situation intensified with ADM extending their share repurchase amidst all the issues. The food giant's capital strategy remains strong due to new investments from Invst LLC and a stock position boost from Laureus Asset Management.
However, there are concerns regarding ADM's financial integrity, with multiple accounting errors leading to lowered profit forecasts and share declines. Despite these, several institutional owners continue to back the company, such as Geode Capital Management LLC and Nomura Asset Management Co.
More challenges lie ahead for ADM leading up to 2025, with a focus on cost control as a mitigative measure. Meanwhile, the company continues to be recommended as a good Dividend Aristocrat buy. The company recently received coverage from analysts at Stephens and is being considered one of the best farmland and agriculture stocks to invest in by hedge funds.
Archer Daniels Midland Company ADM News Analytics from Tue, 12 Mar 2024 07:00:00 GMT to Thu, 12 Dec 2024 15:42:00 GMT - Rating -2 - Innovation -8 - Information 5 - Rumor -6
