Archer Daniels MidlandADM
Market Cap: 31.6B
About: Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.
Employees: 41,802
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
22% more funds holding in top 10
Funds holding in top 10: 9 [Q4 2023] → 11 (+2) [Q1 2024]
4.74% more ownership
Funds ownership: 69.96% [Q4 2023] → 74.69% (+4.74%) [Q1 2024]
7% more call options, than puts
Call options by funds: $552M | Put options by funds: $516M
5% less repeat investments, than reductions
Existing positions increased: 362 | Existing positions reduced: 382
7% less funds holding
Funds holding: 1,074 [Q4 2023] → 1,002 (-72) [Q1 2024]
19% less capital invested
Capital invested by funds: $29.7B [Q4 2023] → $23.9B (-$5.76B) [Q1 2024]
35% less first-time investments, than exits
New positions opened: 135 | Existing positions closed: 207
Research analyst outlook
6 Wall Street Analysts provided 1 year price forecasts over the past 6 months
6 analyst ratings
Citigroup Thomas Palmer | 2%downside $63 | Neutral Maintained | 15 Jul 2024 |
Citigroup David Driscoll | 0%upside $64 | Neutral Maintained | 3 Apr 2024 |
B of A Securities Salvator Tiano | 16%upside $74 | Neutral Maintained | 14 Mar 2024 |
BMO Capital Andrew Strelzik | 6%downside $60 | Market Perform Maintained | 13 Mar 2024 |
Jefferies Dushyant Ailani | 2%upside $65 | Hold Maintained | 13 Mar 2024 |
Financial journalist opinion
Based on 22 articles about ADM published over the past 30 days