Archer Daniels Midland (ADM)

• Market cap: $22.7B
• 1 day: -5.06%
• 5 days: -5.87%
• 1 month: -4.31%
• 3 months: -14.12%
• 6 months: -18.37%
• Year to date: -5.44%
• 1 year: -10.33%
• 5 years: 4.67%
• 10 years: 2.90%
• Sector: Consumer Staples
• Industry: Fats & Oils

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 Q3 regulatory filings by fund managers ($100M+ AUM)

69% more call options, than puts

Call options by funds: $407M | Put options by funds: $240M

3% less funds holding

Funds holding: 1,001 [Q2] → 972 (-29) [Q3]

3.69% less ownership

Funds ownership: 79.18% [Q2] → 75.48% (-3.69%) [Q3]

6% less capital invested

Capital invested by funds: $23.7B [Q2] → $22.3B (-$1.39B) [Q3]

16% less first-time investments, than exits

New positions opened: 88 | Existing positions closed: 105

27% less repeat investments, than reductions

Existing positions increased: 305 | Existing positions reduced: 419

50% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50 5% upside
• Avg. target: $52 10% upside
• High target: $55 16% upside

5 analyst ratings

• positive: 0 0%
• neutral: 3 60%
• negative: 2 40%

Barclays Benjamin Theurer 38% 1-year accuracy 13 / 34 met price target	5% upside $50	Underweight Maintained	21 Jan 2025
B of A Securities Salvator Tiano 100% 1-year accuracy 1 / 1 met price target	14% upside $54	Underperform Downgraded	14 Jan 2025
Citigroup Thomas Palmer 30% 1-year accuracy 10 / 33 met price target	16% upside $55	Neutral Maintained	4 Dec 2024
BMO Capital Andrew Strelzik 45% 1-year accuracy 14 / 31 met price target	7% upside $51	Market Perform Maintained	4 Dec 2024
Morgan Stanley Vincent Andrews 63% 1-year accuracy 5 / 8 met price target	10% upside $52	Equal-Weight Maintained	12 Nov 2024