State Board of Administration of Florida Retirement System Reduces $660K in Archer-Daniels-Midland Company ($ADM)
Key Points
- State Board of Administration of Florida Retirement System changed its Archer-Daniels-Midland Company ($ADM) stake by 1.89% last quarter, cutting to 444,084 shares worth $34.29 million.
- Wall Street's consensus rating on $ADM is Hold and an average price target of $78.70.
- $ADM last traded around $77.21.
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State Board of Administration of Florida Retirement System trimmed its position in Archer-Daniels-Midland Company ($ADM) by 1.89% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,084 shares of Archer-Daniels-Midland Company after selling 8,546 shares during the quarter. State Board of Administration of Florida Retirement System's holdings in Archer-Daniels-Midland Company were worth $34.29 million as of its most recent filing.
Archer-Daniels-Midland Company Stock Down 5.3%
Shares of Archer-Daniels-Midland Company ($ADM) traded around $77.21 on Saturday, down 5.3% for the day.
Archer-Daniels-Midland Company Earnings
Archer-Daniels-Midland Company Dividend
Analysts Set New Price Targets
About Archer-Daniels-Midland Company
Archer-Daniels-Midland Company provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds; Carbohydrate Solutions; and Nutrition. The company engages in the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed; produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers; sale of crude and partially refined vegetable oils; supplies peanuts and peanut-derived ingredients; and manufactures cotton cellulose pulp. It is also involved in the grain sourcing, handling, and multimodal transportation network supporting import, export, and distribution activities; structured trade finance activities; corn and wheat wet and dry milling and related processing activities; production of distillers' grains, corn gluten feed, and corn gluten meal for use as animal feed ingredients; and carbon capture and sequestration and other emissions-reduction initiatives. In addition, the company engages in the creation, manufacturing, sale, and distribution of an array of ingredients and solutions comprising plant-based proteins, flavors and colors derived from nature, flavor systems, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients and systems. Further, it is involved in the derivatives and commodity exchanges and clearing houses; and insurance coverage for certain property, casualty, marine, medical, and other miscellaneous risks. The company was founded in 1902 and is based in Chicago, Illinois.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.