LSV Asset Management reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 4.6% in the third quarter, selling over 100,000 shares. Despite this, other institutional investors increased their holdings, and 78.28% of the stock is owned by institutions. The company also announced an increase in its quarterly dividend to $0.52 per share and a director acquired 7,500 shares.
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Archer Daniels Midland Company $ADM Shares Sold by LSV Asset Management
LSV Asset Management reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 4.6% in the third quarter, selling over 100,000 shares. Despite this, other institutional investors increased their holdings, and 78.28% of the stock is owned by institutions. The company also announced an increase in its quarterly dividend to $0.52 per share and a director acquired 7,500 shares.