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flag Japanese firm invests $8.46 million in ADM, despite mixed financial performance and "Hold" rating.

flag Japanese asset management firm Resona Asset Management has invested $8.46 million in Archer-Daniels-Midland (ADM), buying 167,480 shares. flag Despite analyst downgrades, ADM reported earnings of $1.14 per share, beating estimates by $0.07, though revenue was lower than expected at $21.50 billion. flag The company's stock has a "Hold" rating and an average target price of $53.63. flag ADM recently increased its quarterly dividend to $0.52 per share.

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