Federated Hermes Inc. Purchases 15,712 Shares of Archer Daniels Midland Company $ADM

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Federated Hermes Inc. significantly increased its stake in Archer Daniels Midland Company (NYSE:ADM) by 751.4%, acquiring an additional 15,712 shares to hold a total of 17,803 shares valued at approximately $1.06 million. The article notes ADM’s mixed Q4 earnings, regulatory hurdles from an SEC fraud allegation against former executives, and a “Reduce” consensus rating from analysts with a target price of around $57.00. Despite these challenges, ADM reported an increase in its quarterly dividend, signaling a stable dividend history.

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