State Street Amends ADM Stake Filing as of Dec 31, 2023
Ticker: ADM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0000093751-24-000256 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000093751-24-000256 Filing Date 2024-01-25 Accepted 2024-01-25 14:37:29 Documents 1 Document Format Files Seq Description Document Type Size 1 Archer-Daniels-Mid_Co.txt SC 13G/A 6779 Complete submission text file 0000093751-24-000256.txt 8772 Mailing Address 77 W. WACKER DR. CHICAGO IL 60601 Business Address 77 W. WACKER DR. CHICAGO IL 60601 312-634-8233 Archer-Daniels-Midland Co (Subject) CIK : 0000007084 (see all company filings) EIN. : 410129150 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-15699 | Film No.: 24561466 SIC : 2070 Fats & Oils (CF Office: 04 Manufacturing) Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance)