CIBC Private Wealth Group LLC Lowers Position in Archer-Daniels-Midland Company (NYSE:ADM)
CIBC Private Wealth Group LLC recently reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 4.6% in the fourth quarter, according to the company’s latest disclosure with the SEC. The firm now holds 13,286 shares of the company’s stock after selling 635 shares during the quarter, with holdings valued at $960,000. Various other institutional investors have also been involved in buying and selling shares of ADM.
Analysts have set new price targets for ADM, with several research analysts providing insights and ratings on the stock. As of now, the stock is trading up 0.2% and has a market capitalization of $30.29 billion. Archer-Daniels-Midland last released its earnings results on Tuesday, April 30th, with positive outcomes.
Additionally, the firm announced a quarterly dividend and a stock repurchase program, indicating a positive outlook for the company’s future. Insider buying and selling activities have also been reported recently at Archer-Daniels-Midland.
Archer-Daniels-Midland Company engages in various activities related to agricultural commodities, ingredients, flavors, and solutions in different regions globally. The company operates in three main segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
Stay updated with the latest news and ratings for Archer-Daniels-Midland by subscribing to MarketBeat’s daily email newsletter.
