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Stock Market & Financial Investment News

News Breaks
February 4, 2014
09:44 EDTADMArcher Daniels says currency not a factor in Q4 results
News For ADM From The Last 14 Days
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December 17, 2014
12:10 EDTADMMosaic acquisition of Archer Daniels fertilizer unit to spur growth in Brazil
The Mosaic Company (MOS) announced that it has completed the previously announced acquisition of Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350M. The assets purchased include $150M in working capital. The acquisition is expected to significantly accelerate Mosaic's growth plans in Brazil as well as replace a substantial amount of planned internal investment in that country. Mosaic's distribution capacity in the region is expected to increase from approximately four million tonnes per year to 6M tonnes. As a result of the acquisition, Mosaic intends to manage and report a new international distribution segment beginning in the first quarter of 2015.
December 16, 2014
06:24 EDTADMArcher Daniels price target raised to $57 from $52 at Citigroup
Citigroup raised its price target for Archer Daniels shares to $57 from $52 following the company's analyst day and sale of its underperforming cocoa business. Citi sees continued momentum in ADM's core processing and transportation businesses and keeps a Buy rating on the stock.
December 15, 2014
18:30 EDTADMArcher Daniels to sell global cocoa business to Olam for $1.3B
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18:08 EDTADMOlam to acquire Archer Daniels cocoa business for $1.3B, Bloomberg reports
December 10, 2014
12:04 EDTADMUSDA lowers 2014/15 soybean ending stock forecast
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December 4, 2014
10:08 EDTADMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo American (AAUKY) downgraded to Underperform from Buy at BofA/Merrill... Archer Daniels (ADM) downgraded to Hold from Buy at Miller Tabak... AuRico Gold (AUQ) downgraded to Underweight from Equal Weight at Morgan Stanley... BHP Billiton (BHP) downgraded to Neutral from Buy at BofA/Merrill... BIND Therapeutics (BIND) downgraded at Credit Suisse... BRF S.A. (BRFS) downgraded to Neutral from Buy at Goldman... CIRCOR (CIR) downgraded to Hold from Buy at BB&T... DISH (DISH) downgraded to Underweight from Equal Weight at Barclays... Enerplus (ERF) downgraded to Sector Performer from Outperformer at CIBC... Gildan Activewear (GIL) downgraded to Hold from Buy at GMP Securities... Kindred Biosciences (KIN) downgraded to Hold from Buy at Craig-Hallum... Nevsun Resources (NSU) downgraded to Neutral from Buy at UBS... Public Storage (PSA) downgraded at KeyBanc... Rio Tinto (RIO) downgraded to Underperform from Buy at BofA/Merrill... SeaChange (SEAC) downgraded to Hold from Buy at Noble Financial... Thor Industries (THO) downgraded at BMO Capital... Tupperware Brands (TUP) downgraded to Underperform from Market Perform at BMO Capital... UTi Worldwide (UTIW) downgraded at Stifel... Vale (VALE) downgraded to Neutral from Buy at BofA/Merrill... Vermilion Energy (VET) downgraded to Sector Performer from Outperformer at CIBC... Wal-Mart (WMT) downgraded to Neutral from Buy at UBS.
08:28 EDTADMArcher Daniels EPS should approach $4, says BMO Capital
After attending Archer Daniels' analyst meeting, BMO Capital is more confident that the stock provides a compelling investment opportunity. The firm expects the company's EPS to approach $4, and it views the company's initiatives as strategically sound. BMO Capital keeps a $58 price target and Outperform rating on the shares.
08:00 EDTADMArcher Daniels downgraded to Hold from Buy at Miller Tabak
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December 3, 2014
17:48 EDTADMArcher Daniels plans to boost dividend payout ratio to 30%-40% from 20%-25%
Archer Daniels Midland outlined a comprehensive strategy to grow returns and economic value added by setting the competitive standard for the industries in which it operates and by implementing a balanced capital allocation framework that includes an increase in the company’s dividend payout ratio. “Over the past few years, we’ve been working to grow ADM’s earnings power and create greater value for our customers and our shareholders,” Patricia Woertz, chairman and CEO, told analysts and shareholders at ADM’s Investor Day. “We’ve made significant progress toward operational excellence; we’ve developed and implemented an aggressive strategy for growth; we’ve put the company in a very strong position financially; and we have strengthened and developed the organization. Today, our company is exceptionally well-positioned—with an excellent team managing the business and strong trends supporting our continued growth.” President and COO Juan Luciano, who will become ADM’s CEO effective Jan. 1, discussed actions the company is taking to increase the number of levers under its control: Optimizing the core business through increased destination marketing, portfolio management and an enhanced mix of value-added products. Driving operational efficiencies by leveraging technology for competitive advantage, standardizing for scale, and optimizing critical business processes and systems to improve productivity. Expanding strategically, through geographic expansion, by growing the company’s market-facing units, and by incubating an innovation platform. “Our focus on these levers will enable us to fully capitalize on enduring trends, set the competitive standard in our industries and maintain our balanced approach to capital allocation,” Luciano said. Ray Young, senior vice president and chief financial officer, reiterated the company’s target adjusted return on invested capital of 10%—200 basis points above its 8 percent long-term weighted average cost of capital—and its commitment to continue growing EVA. The company will maintain a balanced approach to capital allocation, he said, reinvesting approximately 30%-40% of future operating cash flows in value-generating capital projects, and the remaining 60%-70% in strategic growth initiatives including mergers and acquisitions and/or return of capital to shareholders. As part of this capital allocation framework, and with growing earnings and more stable cash flows, Young indicated that dividend payout ratio ranges will increase from the historic range of 20%-25% of earnings to a medium-term range of 30%-40%. The company has set a goal of growing sales in its new WILD Flavors and Specialty Ingredients business unit to $10B from $2.5B. Executives reiterated that combining the capabilities of newly acquired WILD Flavors GmbH with ADM’s existing specialty ingredients businesses should drive an estimated $125M in revenue and cost synergies within three years. Research and Development leaders said that a wide range of operational excellence and process-improvement initiatives should yield $350M in incremental cost savings by 2019. Executives also discussed the company’s rich product-development pipeline to advance the company’s ability to serve evolving customer demand and to drive sales growth across the business.

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