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Japanese firm invests $8.46 million in ADM, despite mixed financial performance and "Hold" rating.
Japanese asset management firm Resona Asset Management has invested $8.46 million in Archer-Daniels-Midland (ADM), buying 167,480 shares.
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.
The company's stock has a "Hold" rating and an average target price of $53.63.
ADM recently increased its quarterly dividend to $0.52 per share.
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La firma japonesa invierte $8,46 millones en ADM, a pesar de los resultados financieros mixtos y la calificación "Hold".