ADM - Archer-Daniels-Midland Company
39.85 0.00 (0.01%)
After hours: 4:07PM EDT
| Previous Close | 39.70 |
| Open | 39.62 |
| Bid | 39.89 x 1000 |
| Ask | 39.90 x 900 |
| Day's Range | 39.07 - 39.96 |
| 52 Week Range | 36.45 - 49.77 |
| Volume | 2,143,241 |
| Avg. Volume | 3,430,926 |
| Market Cap | 22.193B |
| Beta (3Y Monthly) | 1.02 |
| PE Ratio (TTM) | 17.16 |
| EPS (TTM) | 2.32 |
| Earnings Date | Oct 31, 2019 |
| Forward Dividend & Yield | 1.40 (3.53%) |
| Ex-Dividend Date | 2019-08-21 |
| 1y Target Est | 49.09 |
- Business Wire
On World Food Day, ADM Announces Partnership with Concern Worldwide to Fight Hunger in Ethiopia, Kenya
Continuing its efforts to eradicate worldwide hunger on World Food Day, Archer Daniels Midland Company (ADM) today announced a partnership with Concern Worldwide, an international humanitarian organization dedicated to the reduction of suffering in the world's poorest countries. ADM Cares will donate $1 million toward the creation and implementation of the Lifesaving Education and Assistance to Farmers (LEAF) Project, which will provide immediate and longer-term responses to chronic malnutrition and hunger for people living in extreme poverty in Kenya and Ethiopia.
- Insider Monkey
Hedge Funds Are Warming Up To Archer-Daniels-Midland Company (ADM)
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
- Business Wire
ADM to Release Third Quarter Financial Results Oct. 31, 2019
Archer Daniels Midland Company (ADM) will release financial results for the third quarter of 2019 before the market opens on Thursday, Oct. 31, 2019. The company will host a webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A slide presentation will be available for download approximately 60 minutes prior to the webcast.
- Simply Wall St.
Is Now An Opportune Moment To Examine Archer-Daniels-Midland Company (NYSE:ADM)?
Archer-Daniels-Midland Company (NYSE:ADM) saw significant share price movement during recent months on the NYSE...
- Business Wire
ADM Animal Nutrition Recalls MoorMan’s® ShowTec® Lamb Creep DC
ADM Animal Nutrition, a division of Archer Daniels Midland Company (ADM), is voluntarily recalling 50-pound bags of MoorMan’s® ShowTec® Lamb Creep DC, product number 11153AE, because the product may contain high levels of copper. Copper toxicity in sheep may lead to lethargy, anemia, constant teeth grinding, extreme thirst, jaundice, dark brown or red urine, diarrhea, difficulty breathing, weakness, recumbency and/or death. There is one lot number involved in this recall, QW13619.
- InvestorPlace
Aurora Cannabis Stock Tumbles as Investors Start to Taste Reality
Aurora Cannabis (NYSE:ACB) shareholders just can't catch a break. Just when it looked like ACB stock might stop its post-earnings tumble, the company found itself on the wrong side of analysts' action.Yesterday MKM Partners warned investors it doesn't believe Aurora's EBITDA will turn positive until early 2021, versus the market's previous assumption that the company would hit the milestone sometime in the latter half of 2020.Source: ElRoi / Shutterstock.com Either estimate may only be wishful thinking, though, given the dynamic most investors can't readily see. Specifically, without a big cash injection and/or a bigger, deep-pocketed partner, Aurora Cannabis stock may continue to dwindle.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn retrospect, all of the company's aggressive investing in production capacity may have turned out to be a big -- and expensive -- mistake. What MKM Said About ACB Stock"We believe the next reported quarter will not show meaningful net sales acceleration," wrote MKM Partners analyst Bill Kirk, adding "Increased costs, without the hoped for sequential revenue growth, results in profitability that is likely to disappoint." * 7 Important IPO Stocks to Watch for the Long Run Kirk specifically referenced Aurora Cannabis' recent warning that purchases of its produced pot were slow in July and August. He wasn't limiting his concern to Aurora stock, though. That supply headwind should also, he suspects, work against Canopy Growth (NYSE:CGC), Tilray (NASDAQ:TLRY) and Cronos Group (NASDAQ:CRON).The shortage raises questions though, particularly in light of one key nuance few investors (and even analysts) have acknowledged.Specifically, growers are producing more than enough cannabis to meet demand. They're simply struggling to get that product to dispensaries and outfits that can convert marijuana plants into CBD oil and the like. Once the logistical hurdles are cleared and retailers can access all the cannabis they want, the overwhelming supply could send marijuana prices plunging.That could be negative for Aurora Cannabis stock, as the company has spent more than a couple of billion dollars in an effort to secure enough capacity to produce more than 500,000 kilograms of cannabis per year.That spending may have been based on assumptions that cannabis prices in Canada would remain around $6.00 per gram. But there's no way that can happen. Crunching the NumbersFor perspective, Cannabis Benchmarks reported late last month that of June's 62,671 kilograms of marijuana produced by growers, only 11,178 kilograms was actually consumed. That gap grew for a fourth straight month, and Cannabis Benchmarks estimates that current inventories can satisfy more than three years' worth of demand.That estimate has to be taken with a grain of salt. More dispensaries may well ignite more demand. The introduction of edibles later this year and next could also spur new demand for cannabis products.Yet, given that Aurora alone could easily meet Canada's current annual demand for cannabis, one has to wonder how long it will be until producers initiate a full-blown price war.Entering the edibles market and the U.S. market after Congress legalizes cannabis would be catalysts for ACB stock. But it's hard to gauge the power of both catalysts.Perhaps more importantly, though, big agricultural names like Archer Daniels Midland (NYSE:ADM) and Bunge (NYSE:BG) would likely be drawn into the cannabis growing business if the U.S. market totally opens up. In the end, cannabis is just a commodity, and size is everything in commodity businesses. Looking Ahead for Aurora Cannabis StockOf course, the cannabis market is in flux. More dispensaries are being established. Edibles will make cannabis use more appealing. Meanwhile, Canada's licensed producers haven't tapped all of their production potential, and most of them are shipping to quickly-growing overseas cannabis markets. As a result, pricing pressures may not be disastrous.On the flip side, it would be naive for the current and prospective owners of ACB stock to ignore the risks ahead. If the Canada market becomes more liquid, supply will increase, working against pot prices. But if Aurora does not greatly increase its production, all that acreage Aurora has purchased will have been for nothing.There's also a distinct possibility that total demand for cannabis just isn't going to live up to the hype whipped up a little over a year ago. Stifel analyst W. Andrew Carter warned last month that demand for edibles may be "more muted" than anticipated. That possibility was enough to prod Carter to downgrade ACB stock to a "sell."All of the topics described above are key reasons why Aurora stock is down more than 60% from its March high and still frequently making new 52-week lows. MKM's Kirk may be on to something, and his pessimism may even have been overly optimistic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post Aurora Cannabis Stock Tumbles as Investors Start to Taste Reality appeared first on InvestorPlace.
- Business Wire
ADM Milling Statement Regarding Flour Recall
ADM Milling Co. has been notified by the U.S. Food and Drug Administration that samples of flour from two production lots manufactured on Dec. 9, 2018, and Dec. 21, 2018, in our mill in Buffalo, New York, tested positive for E.coli. Out of an abundance of caution, ADM is voluntarily recalling all flour produced with the same hard red wheat source as these impacted lots. FDA has confirmed that the E.coli strain found in these samples matches the strain previously found in flour produced at ADM’s Buffalo mill. This recall notice is an extension of ADM’s previous flour recall in May and June earlier this year.
- Zacks
The Keys to Successfully Timing the Markets - October 01, 2019
Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- TheStreet.com
Nourish Your Portfolio With This Discounted Dividend Aristocrat
Despite recent earnings miss, this ag company should continue to grow with the world's population and stay strong even during a recession.
- GlobeNewswire
Western Potash Corp Executes Binding Offtake Agreement With ADM
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is very pleased to announce that Western Potash Corp, the company’s wholly-owned subsidiary, has entered into a binding offtake agreement with Archer Daniels Midland Company (ADM) (“ADM”) for 100% of the potash production (146,000 tonnes per annum) from the Milestone Phase I plant. The purchase of potash through a local off-take agreement substantially reduces the Company’s cost to transport potash from the Phase I project to market, as well as expanding ADM’s diverse agricultural portfolio. The team has successfully completed drilling of three vertical production wells which intersected high grade potash in all wells, according to the downhole logs.
- Business Wire
ADM Joins Forces with LG Chem to Develop Sustainable Technology for Superabsorbent Polymers Used in Diapers
Archer Daniels Midland Company (ADM) and LG Chem today announced a joint development agreement to create biobased acrylic acid, a foundational element required in the manufacture of superabsorbent polymers (SAP) used in a range of hygiene products, including diapers. “The acrylic acid project is another effort from ADM to create new sustainable materials from renewable resources, and demonstrates our strong commitment to support customer demand through innovation,” said ADM senior vice president and Chief Technology Officer Dr. Todd Werpy. “This joint development agreement with ADM has enabled LG Chem to further expand our business portfolio with eco-friendly products that can achieve sustainable growth.” said Okdong Son, the President of LG Chem.
- Bloomberg
Europe’s Funds Are Hunkering Down in Bonds for Coming Recession
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Woeful. BAD. Shocking. That’s how investors and strategists described Europe’s latest economic data, leaving them fearing the worst and betting this year’s record bond rally has further to run.The prospect of an oncoming recession has some of the region’s biggest fund managers seeking safety by ratcheting up positions in Europe’s debt, including negative-yielding German securities. Yields look to be heading back down toward historic lows, despite the best efforts of the European Central Bank to stave off a contraction.“Dipping in and out of recession could become the norm in Europe,” said Luke Hickmore, a money manager at Aberdeen Standard Investments, who has boosted the duration of his portfolios. “I think Germany is in a recession now but for the whole of Europe I would put the probability at close to 60% over 2020.”This year’s surge in European bonds stalled before the latest round of economic data this week. Now the rally is back on, as manufacturing in the region’s largest economy faces its worst slump since the financial crisis. That renews fears Europe is going the way of Japan -- a world of permanently low growth, inflation and bond yields.The drop in the euro-area’s Purchasing Managers’ Index for services to an eight-month low of 52 in September was “a shocking set of numbers” for Robeco Institutional Asset Management’s Martin van Vliet. Any further fall to below 50, the dividing line between expansion and contraction, will be key to whether German yields slide even lower, according to Mediolanum SpA money manager Charles Diebel.“The data is BAD,” Diebel said in a written response to questions, putting the chance of a recession in the euro area at 50% over the next 18 months. “We’re still looking for bull mode to be sustained in general.”Further signs of weakening sentiment came Tuesday, with business expectations this month in Germany falling to the lowest in a decade. The mood among factory executives was the main reason, with the Ifo institute, which compiles the sentiment report, saying the only direction was “downward.”Indeed, the Citi Economic Surprise Index, a gauge of whether economic data beats or falls short of analyst expectations, plunged to its lowest level since February this week, adding fuel to the market rally. ADM Investor Services global strategist Marc Ostwald described the latest manufacturing figures as “woeful.” Next in focus will be regional economic confidence data on Friday.German 10-year yields dropped to -0.62% Wednesday, having touched an all-time low of -0.74% earlier this month. Those in Italian, Spanish and French debt have also fallen this week. Euro-denominated investment grade bonds have returned investors 8.5% this year.New LowsAmundi Asset Management, Europe’s biggest fund manager, thinks now is not the time to dip toes back into global bonds, as markets are pricing in too much monetary easing, according to Pascal Blanque, its group chief investment officer. It has cut exposure to long-dated U.S. Treasuries.Still, while the jury is out on further Federal Reserve rate cuts, support for bond gains in Europe is set to come from the ECB’s fresh package of quantitative easing, starting in November at a pace of 20 billion euros ($22 billion) per month. ABN Amro Bank NV expects an increase in the pace of net asset purchases as well as another cut in its deposit rate.The institution’s new tiering measure to ease the profit-squeeze on banks may allow it to cut rates deeper into negative territory in the future, despite some confusion in the short-term.ECB President Mario Draghi has called on governments to help out to boost growth, though there are no imminent signs Germany will heed the call as it sticks to strict fiscal limits. Even the prospect of bigger budget spending is unlikely to turn the tide in rates, according to ING Groep NV, which recommended investors buy German debt.“Economic weakness and a new round of stimulus suggest that long rates and government bond yields will see a new leg down and will eventually surpass previous record lows,” said ABN strategists Aline Schuiling and Nick Kounis.(Updates pricing, adds ECB tiering in 12th paragraph.)To contact the reporter on this story: John Ainger in Brussels at jainger@bloomberg.netTo contact the editors responsible for this story: Paul Dobson at pdobson2@bloomberg.net, Neil Chatterjee, William ShawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Bonds’ Biggest Threat Is Germany Beginning to Splash the Cash
(Bloomberg) -- The record-breaking rally for European government bonds is facing a major test, as euro-area nations turn to fiscal stimulus in the fight to revive the region’s struggling economy.The Netherlands and Finland have already taken the first steps after the European Central Bank’s call for more spending. But strategists say any threat posed to the bond market bull run -- from a sustained increase in supply at first and then via inflation -- depends on Germany’s response.Doubts about the ability of monetary policy to work any further are setting the tone for Mario Draghi’s last days as president of the ECB. His successor, Christine Lagarde, may use her background in charge of the International Monetary Fund to push for more government spending in Europe, even as the Federal Reserve continues to cut U.S. interest rates.German Finance Minister Olaf Scholz has pointed toward a potential 50 billion euros ($55 billion) of stimulus, but only in the event of an economic crisis. At the moment, the euro area’s biggest economy is still committed to its so-called debt brake. That has helped the federal government apply its “black zero” policy, which has kept net new borrowing at zero over the last five years. No net deficit is envisaged before 2023 at the earliest.“To really see a ripple across bond markets, you need official confirmation that Germany is about to sacrifice the black zero and the debt brake with plans to launch a meaningful fiscal package worth double-digit billions by next year,” said Christoph Rieger, head of fixed-rate strategy at Commerzbank AG. “That’s still unlikely under the current government.”A further sign of the growing struggles of monetary policy came Thursday, when the take up of new cheap loans from the ECB by banks totaled around 3 billion euros. Analysts had expected lending of between 20 billion euros and 100 billion euros. Bonds in Italy declinedafter the long-term refinancing operation, known as TLTRO. Previous rounds have been widely used by the country’s banks, which are major buyers of their domestic sovereign debt.Growing Complexity“It underlines the longer term point that one central bank after another is effectively admitting they are not omnipotent,” said Marc Ostwald, a global strategist at ADM Investor Services in London. “If monetary policy is so complex for the banking system, then it is unlikely to have the impact that central banks want.”Without a commitment of more spending from Germany, the overall dynamics in the bond market are unlikely to change, even as smaller countries ready their own response. The Netherlands has unveiled a proposal for a national investment fund, potentially as large as 50 billion euros, while Finland plans to boost spending by 2.1 billion euros. Italy is accustomed to playing fiscal tug-of-war with the European Union.The adoption of such a policy from Germany would break into new territory, which bond bulls are watching. Any sustained rise in consumer prices erodes the fixed-income returns offered by bonds in real terms, adding to the relative appeal of rival asset classes.That would likely coincide with increased demand for stocks and rising risk appetite across global markets. These trends would also reduce the need for bond-friendly monetary easing from the ECB, which has been one of the main drivers of the demand that has taken yields to record lows.Such a set of game-changing circumstances remains remote, for now, and bond markets have been largely immune to talk of more borrowing. German 10-year yields are still 50 basis points below 0%, while those on Italian and Spanish securities have set record lows in recent weeks.And doubts remain on any such fiscal stimulus working, should it be adopted. For Mizuho International Plc, signs of Germany loosening spending will boost yields, but may do little to revive the region’s economy.“Germany would need to be breaching the stability and growth pact for there to be a material and sustained move higher in core EGB yields,” said Peter Chatwell, head of European rates strategy, referring to EU rules on deficits. “Monetary and fiscal easing can inject stimulus into the economy, but they cannot bring forward sufficient demand from future generations if the population will be shrinking.”Nonetheless, the impact of any change of policy in Berlin could be immense. Global fund managers surveyed by Bank of America Merrill Lynch say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies.Such findings are enough to give pause for thought to even the biggest bond bulls, especially after their long, record-breaking run.(Updates with TLTRO results from sixth paragraph.)To contact the reporter on this story: John Ainger in London at jainger@bloomberg.netTo contact the editors responsible for this story: Paul Dobson at pdobson2@bloomberg.net, Michael Hunter, William ShawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
Glencore Agriculture Limited joins ADM, Bunge, Cargill, COFCO International and LDC in industry-wide initiative to modernize global agriculture commodity trade operations
CHICAGO and WHITE PLAINS, New York and MINNEAPOLIS and GENEVA and ROTTERDAM, Netherlands, Sept. 19, 2019 /PRNewswire/ -- The industry-wide initiative to modernize global agricultural commodity trade operations announced today that another major partner, Glencore Agriculture Limited, has joined the effort. "We've been interested in the initiative from the very early days and we're excited now to join as a full partner," said Glencore Agriculture Limited CEO David Mattiske. "The digital platform this group intends to develop will leverage the newest technologies and has the potential to revolutionize our industry, making contract execution processes more efficient, more accurate and more transparent.
- Reuters
UPDATE 1-Gavilon lands ADM director as new Brazil general manager -sources
An executive director at Archer Daniels Midland Co in São Paulo has left the firm to take over as Brazil general manager at rival grain trading house Gavilon do Brasil, two sources told Reuters on Wednesday. Marcelo Grimaldi served most recently as a director at ADM responsible for Andean countries and the biodiesel business, according to his LinkedIn profile, which has not been updated. Grimaldi did not reply to a request for comment via LinkedIn.
- Simply Wall St.
Does Archer-Daniels-Midland Company's (NYSE:ADM) P/E Ratio Signal A Buying Opportunity?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...
- Zacks
Soft Carbohydrate Unit Hurts Archer Daniels: Will It Revive?
Archer Daniels (ADM) grapples with soft Carbohydrate Solutions segment. Nevertheless, its Readiness program looks encouraging.
- Zacks
U.S. Biofuels Policy: Oil & Corn Industries Fight It Out
Farm groups and ethanol organizations are angered by the sharp increase in exemptions provided by the Andrew Wheeler-led Environmental Protection Agency to the oil refiners.
- Zacks
Timing the Market, Is it Possible? - September 10, 2019
Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- Reuters
Big Ag wants a cut of booming fake-meat market
WINNIPEG, Manitoba/CHICAGO (Reuters) - Bunge Ltd, one the world's biggest grain traders, recently disclosed the 1.6% stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250% since the faux burger and sausage maker's initial public offering in May. Indeed, Beyond Meat's market capitalization of $9.9 billion is now larger than Bunge's, a 201-year-old firm with 31,000 employees. No wonder many top agricultural firms want to grab their cut of the booming market for plant-based fake meat.
- Reuters
Lawsuit alleges ADM manipulated cash ethanol market to profit from derivatives
Global grain trader and food processor Archer Daniels Midland Co allegedly manipulated the price of ethanol to profit from a short position it was holding in the derivatives market, according to a lawsuit by a rival firm. AOT Holdings, a Swiss company that owns an energy trading subsidiary, filed the class action complaint late on Wednesday in U.S. District Court's Central District of Illinois Urbana Division, claiming damages from ADM's actions of up to $6.33 million. The lawsuit follows reporting by Reuters last year that ADM's ethanol selling had led traders to complain to S&P Global Platts, which provides benchmark pricing for the physical ethanol contract at different U.S. delivery points including Chicago.
- Simply Wall St.
Are Investors Undervaluing Archer-Daniels-Midland Company (NYSE:ADM) By 42%?
Today we will run through one way of estimating the intrinsic value of Archer-Daniels-Midland Company (NYSE:ADM) by...
- Zacks
ADM (ADM) Down 7.5% Since Last Earnings Report: Can It Rebound?
ADM (ADM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
