BlackRock Updates Passive Stake in Archer-Daniels-Midland Co
Ticker: ADM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in ADM, showing continued institutional interest.**
AI Summary
BlackRock, Inc. 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, Amendment No. 10, updates BlackRock's passive investment stake in ADM. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy towards ADM, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit updated, passive investment in ADM, which can be a vote of confidence from a major institutional player.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk.
Analyst Insight
An investor should note that BlackRock, a significant institutional investor, continues to hold a passive stake in ADM, suggesting ongoing confidence in the company's long-term prospects from a major fund manager. This filing itself doesn't warrant immediate action but confirms institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person, a major institutional investor
- Archer-Daniels-Midland Co (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 10'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and 'Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is Archer-Daniels-Midland Co, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Archer-Daniels-Midland Co' and 'Name of Issuer) ARCHER DANIELS MIDLAND Co'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003273 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. 0001086364-24-003273 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:52 Documents 1 Document Format Files Seq Description Document Type Size 1 us0394831020_012524.txt SC 13G/A 12014 Complete submission text file 0001086364-24-003273.txt 13876 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.: 24561038 SIC : 2070 Fats & Oils (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)