|Bid||42.70 x 1800|
|Ask||42.93 x 1400|
|Day's Range||42.73 - 43.14|
|52 Week Range||39.16 - 52.07|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||13.40|
|Earnings Date||Apr 26, 2019|
|Forward Dividend & Yield||1.40 (3.25%)|
|1y Target Est||51.60|
ADM (ADM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Archer Daniels Midland Co. (NYSE: ADM), one of the largest agricultural processors in the world, is offering buyouts to an unspecified number of employees, an offer that expires on June 30, 2019. A spokesperson for the company also stated that some positions would be eliminated as the company sought to improve and streamline its business. ADM is one of the world's largest agricultural processors and food ingredient providers.
A second "bomb cyclone" blizzard hitting the United States was limiting the movement and processing of corn, soybeans and wheat around the Midwest and Plains on Thursday. Grain trader Cargill Inc said it was closing three of its grain handling facilities in Minnesota, two in South Dakota and one in Nebraska on Thursday because of the storm. Rival Archer Daniels Midland Co temporarily closed several grain and edible bean elevators in South Dakota, North Dakota, Minnesota and Wisconsin due to the snow.
U.S. grain trader Archer Daniels Midland Co said on Wednesday it will seek voluntary early retirements by some North American employees and may eliminate individual jobs as part of a restructuring of specific areas. In recent years, a global glut of crops also hurt agricultural companies and accelerated consolidation in the sector. In response to questions from Reuters, company spokeswoman Jackie Anderson declined to say how many employees were being targeted for retirement.
Commodities house Louis Dreyfus Company (LDC) announced a new chairman on Tuesday for its loss-making Brazilian sugar subsidiary Biosev, which has triggered other management changes at the group. Adrian Isman will take over as Chairman of Biosev with immediate effect, replacing Patrick Treuer who will remain on Biosev's board as vice-chairman while focusing on his role as LDC's Chief Strategy Officer, the group said.
Isman will replace Patrick Treuer, who has stepped down as Biosev's Chairman to focus on his role as LDC's Chief Strategy Officer, the group said in a statement. Isman will retain his roles as Head of North America at LDC and Chairman of Calyx Agro Ltd. At the same time, Anthony Tancredi will replace Isman as head of LDC's Grains Platform, while Enrico Biancheri will take over Tancredi's previous role as head of the Sugar Platform.
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Although a deal has been in the works for quite some time and nothing concrete is out yet, many on Wall Street are hopeful that the U.S. and China will settle their trade war. The trade war has hurt a lot of companies on both sides, and China’s economy is in such a position that […]
Archer Daniels Midland Company (ADM) will release financial results for the first quarter of 2019 before the market opens on Friday, April 26, 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.
Never let it be said that, if nothing else, President Donald Trump doesn't keep things interesting. His latest controversial threat? Closing the border between the United States and Mexico until the nation's neighbor to the south does more to help shore up the free flow of potentially dangerous immigrants.He has since backed off on the threat, at least partially heeding concerns voiced by corporate leaders worried that such a move could stifle trade.He has hardly ruled out a complete border closure, however.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo that end, should President Trump still follow through on his innuendo, a handful of companies could readily feel an adverse effect. These outfits rely heavily on a relatively open border, with more than $600 billion worth of goods shipped between here and there every year.Mexico is the United States' third-biggest trade partner. * The Hottest Investment Ideas from Bill Gates' 10 Breakthroughs in 2019 Here's a rundown of nine of the market's most vulnerable names if Mexico and the U.S. are effectively cut off from one another, in no particular order. Ford Motor Company (F)Source: Shutterstock It may have been overstated for effect than for fact, but the point was well taken all the same when Kristin Dziczek, vice president of industry, labor and economics at the Center for Automotive Research, commented "You can't sell cars with missing pieces. You've got to have them all. I see the whole industry shutdown within a week of a border closing." An estimated 37% of the parts imported for use on U.S.-made automobiles come from Mexico.A closed border could prove doubly difficult for Ford (NYSE:F), however, which has established so many production and assembly facilities in Mexico over the course of the past several years. It has assembly plants in Hermosillo and Cuautitlan, a transmission factory in Guanajuato, and three engine plants in Chihuahua. Archer Daniels Midland (ADM)Source: GothamNurse Via FlickrThe threat of a border closure has, for some reason, thrust avocados into the spotlight. Mexico produces more of them than any other country in the world, and if they can't be transported across the Mexico/U.S. line, some fear the United States would run out of avocados in three weeks.While it might be tough to believe, the U.S. can survive without avocados. The fruit is only a microcosm for a much bigger food fight that would extend well beyond avocados. A whole variety of produce and packaged foods would soon be in short supply. * 10 Best ETFs for 2019: A Close Race at the Front Enter food giant Archer Daniels Midland (NYSE:ADM), which ships a great deal of corn and sugar to Mexico. While scarcity would initially beef up prices of ADM's goods, such a price hike would ultimately prove damaging in the long run for companies that ship foods in either direction. Werner Enterprises (WERN)Source: Shutterstock Werner Enterprises (NASDAQ:WERN) is a major logistics outfit in the United States … a fancy term for trucking, with a lot of "value add"' that makes matters simple for the shipping companies' customers.It matters. More than 80% of the goods transported between the two countries are carried by tractor trailers, and Werner is one of the key companies ferrying goods to and from Mexico.It's not just Werner that could run into a roadblock, literally and figuratively, at the border though. The United States' entire trucking industry could experience a fiscal flat tire.Bob Costello, chief economist and senior vice president with the American Trucking Associations, explains "Last year, just to haul freight to and from Mexico, the American trucking industry employed over 31,000 U.S. truck drivers (full-time equivalent) and nearly 47,000 total workers to support this truck-transported trade. This business generated $6.6 billion in revenue last year, and U.S. truck drivers were paid nearly $2 billion in wages to haul this freight." Kroger (KR)Source: Shutterstock Although Archer Daniels Midland may enjoy an initial bump in pricing power as the supply of food goods shrinks, as was noted, there's more long-term downside than upside.ADM isn't the only player in the food distribution game that's apt to run into a headwind, however. The outfits on the frontline that put food on families' tables will also be crimped, by being forced to charge higher prices as well as simply not having all the goods their customers want (like avocados!) to sell. * 7 Reasons Americans Should Embrace Socialism That makes Kroger (NYSE:KR) especially vulnerable, being not only the nation's biggest grocer but also focusing solely on groceries. At least rival Walmart (NYSE:WMT) can offset any softness in food sales with its general merchandise sold on the other side of its stores. VF Corp (VFC)Source: Andy Via FlickrVF Corp (NYSE:VFC) isn't exactly a household name. In fact, most investors may have never even heard of it. That's by design. The company is far more interested in promoting the brand names it owns and operates, which include Vans, The North Face, JanSport and Lee and Wrangler jeans, just to name a few.Many of those brands' production facilities, however, have migrated to Mexico where labor is usually much cheaper. Now getting that apparel into the United States could prove costly, if not impossible.The double whammy: While VF will find it challenging to get goods into the United States, it may find it just as tricky to get raw materials like the cotton needed to make denim out of the U.S. and into Mexico. Kansas City Southern (KSU)Source: Shutterstock While most of the goods shipped between the United States and Mexico are delivered by truck, a respectable chunk of the $600 billion in trade the two nations engage in is facilitated by railroads.That puts Kansas City Southern (NYSE:KSU), more so than any other rail name, in the crosshairs of this political standoff. For perspective, while roughly one-tenth of the volume Union Pacific (NYSE:UNP) handles crosses the Mexico/U.S. line, almost one-third of Kansas City Southern's traffic crosses the very same border. * 7 Biometric Stocks to Watch as AI Rises It's not just intercontinental deliveries that could be stymied for Kansas City Southern, however. The subsequent economic slowdown stemming from a border closure would also sap demand for shipping just within the United States as well. Constellation Brands (STZ)Source: Shutterstock It's not just a marketing gimmick. Constellation Brands (NYSE:STZ) beer band Corona really is brewed in Mexico. That presents a real problem for Constellation Brands, as Corona is America's favorite imported beer.The potential impasse couldn't be taking shape at a less opportune time against an already difficult backdrop. Although Corona has to be brewed in Mexico, Constellation has wisely set up brewing facilities Mexicali … a town technically located in Mexico, but for all practical purposes is located in southern California. The company, and its Corona partner AB InBev (NYSE:BUD), set up shop and have plans to expand there due to its propinquity to a key U.S. distribution hub. The development of those facilities, however, poses a threat to the town's water supply that has desperately needed local farmers.Already fighting a war of words over a border closure, Constellation doesn't have a lot of friends on the other side of the fence either. Tyson Foods (TSN)Source: Shutterstock Add Tyson Foods (NYSE:TSN) to the list of food names -- a list that already includes Kroger and Archer Daniels Midland -- that could be hurt by a closure of the U.S./Mexico border.Mexico buys more U.S.-produced chicken than any other nation, and the United States is by far Mexico's biggest chicken supplier. Last year, the U.S. delivered 675,653 tons of poultry south, easily outpacing Mexico's second-biggest supplier, Brazil, which only delivered 95,500 tons of chicken to United States' strained trade partner.In the shadow of trade-tensions largely inspired under Donald Trump's Presidency, however, late last year Mexico authorized 26 new Brazilian chicken providers to start shipping poultry into the country. * 7 China ETFs to Consider Right Now A closed border could sever Mexico's ties with Tyson and other chicken providers for good, with the country clearly starting to shop around for alternatives. Coca-Cola (KO)Source: Leo Hidalgo via Flickr (Modified)While American's love Constellation Brands' Mexican-made Corona beer, Mexicans love Coca-Cola (NYSE:KO). But, it's complicated.Mexican-bottled Coke is rumored to be different (for the better) than U.S.-bottled Coke, with the point of contention being the use of cane sugar or corn syrup, depending on the intended consumer. Mexico's version of Coke is so well-loved, in fact, that it's become a key part of the country's culture.Even so, though loyal to the brand, Mexico's consumers have proven even more loyal to their country. Mexicans already boycotted Coca-Cola products in early 2017 in response to President Trump's proposed border wall tax. They may well boycott again, and more vehemently, if the border between Mexico and the United States is completely closed, pushing the struggling country closer to a recession.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 * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure appeared first on InvestorPlace.
Most of the damage to homes, businesses, farms and ranches has been in eastern Nebraska and western Iowa, costing an estimated at $3 billion so far. Heavy rain, snowmelt and ice jams were too much for the ground to handle. The deluge has stalled crop shipments for U.S. grain traders, as well as inundating roads and rail lines that companies including Hormel Foods (NYSE: HRL) and Tyson Foods (NYSE: TSN) use to move meat.
In the week after the same pocket of the yield curve for Treasuries inverted -- fueling speculation a recession is on the horizon -- the extra yield on 10-year bunds over three-month bills slipped to within two basis points of the post-crisis low. It has tumbled from 100 basis points at the start of the year to 45 basis points at 5 p.m. London time on Friday. “This curve may flatten further in Europe,” said Marc Ostwald, chief economist and global strategist at ADM Investor Services International in London.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]
DowDuPont Inc cut its forecast for first-quarter sales on Thursday, citing the impact of U.S. Midwest floods on its agri business as well as weakness in its packaging and specialty plastics division. Record floods have devastated a wide swath of the Farm Belt across Iowa, Nebraska, South Dakota and several other states, idling ethanol plants, slowing rail shipments of agricultural products and swamping storage bins holding grain from previous harvests. Sales from its agri business are expected to be down 4 percent to 6 percent and operating earnings before interest, tax, depreciation and amortization (EBITDA) are expected to be down by $125 million to $150 million, DowDupont said.
Iowa and Nebraska, the two states hit hardest by recent flooding, are home to 40% of the country's ethanol production capacity.
The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus Company's chief executive (LDC) said. Investor pressure has centred on Bunge, which has drawn interest from both Glencore and Archer Daniels Midland for a potential mega-merger. "Each of the participants - the ABCDs, Gs, Cs, all the various acronyms - are becoming increasingly different businesses," he said in a telephone interview, referring to the so-called ABCD quartet of ADM, Bunge, Cargill and Dreyfus, along with Glencore and Chinese-owned COFCO International.
Grands and seeds processor Archer Daniels Midland Co. said Monday it expects extreme winter weather-related disruptions to shave $50 million to $60 million off first-quarter pretax operating profit. "Extreme winter weather has affected our first quarter North American operations beyond what we would experience in a typical winter," the food company said in a regulatory filing. Snow and rain storms in March that caused flooding are affecting the company's Carbohydrates Solutions and Origination operations, said the filing. "Rail transportation has been disrupted throughout the region; our corn processing complex in Columbus, Nebraska, was idled due to flooding and currently is running at reduced rates; and unfavorable river conditions since December are severely limiting barge transportation movements and port activities." The company will offer investors an update on the impact on its first-quarter earnings call. Shares were not yet active premarket, but have gained 1.4% in the last 12 months, while the S&P 500 has gained 8.2%.
Agricultural commodity merchant Louis Dreyfus Company (LDC) said on Monday trading opportunities created by the U.S.-Chinese trade dispute boosted its soybean business last year, contributing to a sharp rise in group profit. LDC posted record soybean export volumes from Brazil as the South American country increased flows to China during the Asian country's trade row with Washington, the company said.
Archer Daniels Midland Company (ADM) today announced two important strategic additions to its Board of Directors. The Board of Directors has nominated Dr. Lei Zhang Schlitz to stand for election to the board at the company’s upcoming Annual Stockholders’ Meeting on May 1, 2019. Dr. Schlitz has held a series of senior-level positions for Illinois Tool Works Inc. (ITW), an innovative, diversified Fortune 200 manufacturing company with operations in 55 countries, approximately 48,000 employees, and more than 18,000 current and pending patents.
Archer Daniels (ADM) gains from its strategic initiatives such as cost savings, management of business portfolio and Project Readiness.
In the latest trading session, Archer Daniels Midland (ADM) closed at $43.01, marking a +1.25% move from the previous day.