Archer Daniels Midland Company (ADM), a processor and trader of agricultural commodities, announced a series of significant acquisitions and sales across multiple investment firms.
AllianceBernstein L.P, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd, Meiji Yasuda Asset Management Co Ltd, and several others bought ADM stock. In contrast, significant shares were sold by
Amundi, Jacobs Levy Equity Management Inc, and other financial institutions. Heretofore, amid the wave of volatility, CEO
Juan Luciano announced
cost cuts of $200 million to $300 million by 2025. Furthermore, ADM's valuation is considered after the expansion at the Windsor facility and their plans for the consolidation of soy protein production. Amid these changes, the company also declared they would cease operations at the Bushnell plant and shut down a pet food plant in Brazil. Remarkably, ADM has surpassed its regenerative agriculture target, securing partnerships with Mars and PepsiCo. Also, despite having a falling Q2 profit to a 5-year low amid trade turmoil, the company completed a $76-million expansion project ahead of schedule. However, ADM's operations have faced uncertainty due to the changing biofuel blend rule and possible tariffs that might affect their 2025 profit and the financial performance.
Archer Daniels Midland Company ADM News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 13 Sep 2025 16:27:05 GMT -
Rating 6
- Innovation -6
- Information 5
- Rumor -3
