David Mcatee II Purchases 7,500 Shares of Archer Daniels Midland (NYSE:ADM) Stock

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Archer Daniels Midland (NYSE:ADM) Director David Mcatee II recently purchased 7,500 shares of the company’s stock for $64.90 per share, totaling $486,750, significantly increasing his direct ownership. The company reported earnings of $0.87 per share for the last quarter, surpassing analyst estimates, and announced an increased quarterly dividend. Despite a “Reduce” consensus rating from analysts, institutional investors have been actively adjusting their positions in ADM.

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