State Street Amends ADM Stake Filing as of Dec 31, 2023
Ticker: ADM · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 7084
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**State Street still holds ADM shares, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Archer-Daniels-Midland Co (ADM) common stock as of December 31, 2023. This filing is an amendment, meaning State Street previously reported its stake and is updating that information. For investors, this shows that a significant institutional player continues to hold a position in ADM, which can be a signal of long-term confidence in the company's stability and prospects.
Why It Matters
This filing confirms State Street Corporation's continued significant institutional ownership in Archer-Daniels-Midland Co, providing a degree of stability and institutional backing for the stock.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk for the stock.
Analyst Insight
A smart investor would note State Street's continued holding as a sign of institutional confidence in ADM, but would also look for the specific percentage of ownership in the full filing to gauge the significance of their stake.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Archer-Daniels-Midland Co (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 039483102 (number) — the CUSIP number for Archer-Daniels-Midland Co common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified by I.R.S. IDENTIFICATION NO. 04-2456637.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is ARCHER-DANIELS-MIDLAND CO, with CIK 0000007084.
What is the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' is 12/31/2023.
What rule under the Securities Exchange Act of 1934 is this schedule filed pursuant to?
This schedule is filed pursuant to Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Archer-Daniels-Midland Co (ADM).