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NEOS Investment Management increased its ADM stock by over 31%, despite the company slightly missing revenue targets.
NEOS Investment Management LLC increased its holdings in Archer-Daniels-Midland (ADM) by 31.2%, owning 31,380 shares worth $1.585 million.
ADM surpassed Q4 earnings expectations with $1.14 per share but fell short on revenue at $21.50 billion.
The company operates in agricultural commodities and ingredients and has a market cap of $22.97 billion, a dividend yield of 4.26%, and analysts' average target price of $53.63, maintaining a "hold" rating.
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NEOS Investment Management aumentó su stock de ADM en más del 31%, a pesar de que la compañía perdió ligeramente los objetivos de ingresos.