State Farm Maintains 6.38% Stake in Archer-Daniels-Midland Co.
Ticker: ADM · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 7084
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: ADM
TL;DR
**State Farm still owns 6.38% of ADM as of Dec 31, 2023, showing continued institutional confidence.**
AI Summary
State Farm Mutual Automobile Insurance Company and its affiliate, State Farm Life Insurance Company, have updated their ownership stake in Archer-Daniels-Midland Co. As of December 31, 2023, State Farm Mutual Automobile Insurance Company beneficially owns 34,018,681 shares, representing 6.38% of ADM's common stock. This is an amendment (Amendment No. 40) to their previous filing, indicating a slight adjustment in their holdings. This matters to investors as State Farm remains a significant institutional holder, suggesting continued confidence in ADM, but any future changes could signal shifts in major investor sentiment.
Why It Matters
This filing shows that a major institutional investor, State Farm, continues to hold a significant portion of Archer-Daniels-Midland Co. stock, which can influence stock stability and investor confidence.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note State Farm's continued significant stake as a sign of institutional confidence, but this filing alone doesn't suggest immediate buying or selling action. It's a data point for long-term holders.
Key Numbers
- 34,018,681 — Aggregate Shares Beneficially Owned (This is the total number of ADM shares held by State Farm Mutual Automobile Insurance Company, indicating their substantial investment.)
- 6.38 % — Percent of Class Owned (This percentage shows State Farm Mutual Automobile Insurance Company's significant influence as a shareholder in Archer-Daniels-Midland Co.)
- 33,884,596 — Sole Voting Power Shares (This represents the number of shares State Farm Mutual Automobile Insurance Company can vote independently, highlighting their direct control over a large block of shares.)
- 134,085 — Shared Voting Power Shares (This indicates a smaller portion of shares where State Farm Mutual Automobile Insurance Company shares voting rights, likely with an affiliate.)
Key Players & Entities
- State Farm Mutual Automobile Insurance Company (company) — reporting person and beneficial owner of ADM shares
- Archer-Daniels-Midland Co (company) — the issuer whose securities are being reported
- State Farm Life Insurance Company (company) — affiliated reporting person and beneficial owner of ADM shares
- 34,018,681 (dollar_amount) — aggregate shares beneficially owned by State Farm Mutual Automobile Insurance Company
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Farm will maintain a significant, stable ownership stake in Archer-Daniels-Midland Co. throughout 2024. (State Farm Mutual Automobile Insurance Company) — high confidence, target: 2024-12-31
- Archer-Daniels-Midland Co.'s stock price will experience minimal volatility due to this specific filing. (Archer-Daniels-Midland Co.) — high confidence, target: 2024-03-31
FAQ
Who filed this SC 13G/A amendment regarding Archer-Daniels-Midland Co. shares?
State Farm Mutual Automobile Insurance Company, along with its affiliate State Farm Life Insurance Company, filed this SC 13G/A amendment (Amendment No. 40) concerning their holdings in Archer-Daniels-Midland Co.
What percentage of Archer-Daniels-Midland Co.'s common stock does State Farm Mutual Automobile Insurance Company beneficially own as of the reporting date?
As of December 31, 2023, State Farm Mutual Automobile Insurance Company beneficially owns 6.38% of Archer-Daniels-Midland Co.'s common stock, as stated in Row 11 of the filing.
What is the aggregate number of shares beneficially owned by State Farm Mutual Automobile Insurance Company?
State Farm Mutual Automobile Insurance Company beneficially owns an aggregate of 34,018,681 shares of Archer-Daniels-Midland Co., as reported in Row 9 of the filing.
What was the 'Date of Event which Requires Filing of Statement' for this SC 13G/A?
The 'Date of Event which Requires Filing of Statement' was December 31, 2023, as indicated on the first page of the Schedule 13G.
Under which SEC Rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box on the first page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding Archer-Daniels-Midland Co (ADM).