Munich Reinsurance Co Stock Corp in Munich Cuts Position in Archer Daniels Midland Company $ADM
MarketBeat
Munich Reinsurance Co Stock Corp in Munich reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 3.3% during the second quarter, selling 21,194 shares and retaining 621,603 shares worth approximately $47.5 million. Despite this reduction, institutional investors collectively own 78.28% of ADM's stock. The company recently reported strong quarterly earnings of $1.84 per share, surpassing analyst expectations, and declared a quarterly dividend of $0.52 per share.
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