Archer Daniels Midland Co.NYSE
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  • Fri, Dec. 2, 2:32 PM
    • JPMorgan is out with its top stock picks for 2017, but as Jack Hough of Barron's points out, the "shorts" list is far more interesting because Sell recommendations from the sell-side are so much rarer than Buys.
    • Of the 14-name shorts list, nine have price targets 10% or more below the current level.
    • GE has 10% potential downside thanks to its too-rich valuation relative to free cash flow versus peers.
    • Federated Investors (NYSE:FII) could fall 14% thanks to its exposure to the struggling active-management industry.
    • Trucker C.H. Robinson Worldwide (NASDAQ:CHRW) has 16% downside as favorable contracts reset to depressed industry levels.
    • Archer Daniels Midland (NYSE:ADM) has a price target 18% below the current value as a strong dollar and trade troubles with Mexico crimp profits.
    • A 45% price decline could be in store for driller Forum Energy Technologies (NYSE:FET), with good assets and a healthy balance sheet, but way too fancy of a valuation.
    • There's also Intelsat (NYSE:I), which JPMorgan says could be a zero as new competition squeezes the heavily leveraged company.
    • Other shorts: Cornerstone OnDemand (NASDAQ:CSOD), Ensco (NYSE:ESV).
    | Fri, Dec. 2, 2:32 PM | 19 Comments
  • Thu, Dec. 1, 4:03 PM
    • Archer Daniels Midland (NYSE:ADM) announces that it sold its 19.9% stake in GrainCorp Limited for a total value of about A$387M ($287.11M).
    • “As part of our ongoing portfolio management, we carefully considered our equity investment position in GrainCorp and determined that we could better meet our long-term returns objectives by reallocating that capital,” says ADM CEO Juan Luciano.
    • Source: Press Release
    | Thu, Dec. 1, 4:03 PM | 1 Comment
  • Fri, Nov. 11, 12:08 PM
    | Fri, Nov. 11, 12:08 PM
  • Fri, Nov. 11, 10:41 AM
    • A stronger dollar relative to South American currencies, plus any changes to trade deals are likely to negatively impact the agricultural sector, says JPMorgan's Ann Duignan.
    • In addition, leading candidates to head the Dept. of Agriculture - Rick Perry and diary exec Mike McCloskey - aren't "particularly sympathetic" to price-boosting policies (where's "Senator Ethanol" when ADM needs him?).
    • Duignan downgrades to Underweight, and cuts the price target to $36 from $42.
    • ADM -6.7% to $42.14.
    • Related: Bunge (BG -4%)
    | Fri, Nov. 11, 10:41 AM | 15 Comments
  • Wed, Nov. 2, 5:41 PM
    • Archer Daniels Midland (NYSE:ADM) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.54%
    • Payable Dec. 7; for shareholders of record Nov. 16; ex-div Nov. 14.
    | Wed, Nov. 2, 5:41 PM | 1 Comment
  • Tue, Nov. 1, 3:21 PM
    • Archer Daniels Midland (ADM +7.5%) soars to 52-week highs after reporting stronger than expected Q3 earnings and predicting that a large U.S. harvest and improving market conditions position the company for a strong finish to 2016 and into 2017.
    • ADM says the headwinds it faced in H1 had largely receded, allowing it to capitalize on improving market conditions and crop shortages in South America that lifted North American exports.
    • "There is a big crop coming," CEO Juan Luciano said during today's earnings  conference call, seeing heavy volumes of corn, soybeans and wheat into the beginning of 2017.
    • The CEO said the availability and relative competitiveness of U.S. grain on global markets make it likely that North American exports would continue to do brisk business into Q12017, even as South American grain begins filling bins and ships in Brazil and Argentina.
    • ADM also is moving ahead with potential deals involving its corn dry mills, which grind, crush and roll corn to produce ethanol fuel and animal feed, as the company expects final proposals from a short list of interested parties by year-end, Luciano said.
    | Tue, Nov. 1, 3:21 PM | 5 Comments
  • Tue, Nov. 1, 12:01 PM
    | Tue, Nov. 1, 12:01 PM
  • Tue, Nov. 1, 7:02 AM
    • Archer Daniels Midland (NYSE:ADM): Q3 EPS of $0.59 beats by $0.13.
    • Revenue of $15.83B (-4.4% Y/Y) misses by $380M.
    • Press Release
    | Tue, Nov. 1, 7:02 AM | 6 Comments
  • Wed, Aug. 3, 3:43 PM
    • Archer Daniels Midland (NYSE:ADM) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.74%
    • Payable Sept. 7; for shareholders of record Aug. 17; ex-div Aug. 15.
    | Wed, Aug. 3, 3:43 PM
  • Tue, Aug. 2, 7:04 AM
    • Archer Daniels Midland (NYSE:ADM): Q2 EPS of $0.41 misses by $0.04.
    • Revenue of $15.63B (-9.1% Y/Y) misses by $1.08B.
    • Press Release
    | Tue, Aug. 2, 7:04 AM | 2 Comments
  • Mon, Aug. 1, 5:30 PM
  • Tue, Jul. 19, 1:30 PM
    • Archer Daniels Midland (ADM -2%) has closed down a small sugar trading operation in London, sources tip Reuters.
    • Narrow trading margins from the business reportedly led to the decision.
    | Tue, Jul. 19, 1:30 PM | 2 Comments
  • Fri, Jul. 1, 7:03 AM
    • June monthly performance was: +2.86%
    • AUM of $2.02B
    • 52-week performance vs. the S&P 500 is: +7%
    • $0.25 in dividends were paid in June
    • Top 10 Holdings as of 5/31/2016: S&P Global Inc (SPGI): 2.15464%, Archer-Daniels Midland Co (ADM): 2.15039%, Cincinnati Financial Corp (CINF): 2.13109%, McCormick & Co Inc Non-Voting (MKC): 2.10728%, C.R. Bard Inc (BCR): 2.10554%, Cintas Corp (CTAS): 2.10524%, Leggett & Platt Inc (LEG): 2.10068%, Lowe's Companies Inc (LOW): 2.09886%, Brown-Forman Corp Class B (BF.B): 2.09499%, Pentair PLC (PNR): 2.09495%
    | Fri, Jul. 1, 7:03 AM
  • Fri, Jun. 10, 10:57 AM
    • Archer Daniels Midland (ADM -1.4%) and other supporters of biofuels say U.S. regulators grossly underestimated the amount of higher-ethanol fuel blends at pumps when the EPA proposed latest plan for the Renewable Fuel Standard.
    • EPA has until Nov. 30 to finalize a proposal to require 18.8B gallons of biofuels - including 14.8B gallons for ethanol - next year to be blended with gasoline and diesel, above 2016 levels, but below targets set by Congress a decade ago.
    • Oil companies say it is not realistic to push ethanol use past ~10% of gasoline without an overhaul.
    • More than 600 stores are putting in capacity to sell ethanol blends "reflective of higher" E15 volumes than EPA is estimating, according to Sean Miller, senior ethanol trader with ADM.
    | Fri, Jun. 10, 10:57 AM | 6 Comments
  • Tue, May 24, 9:52 AM
    • BMO Capital Markets upgrades Archer Daniels Midland (ADM +3.1%) to an Outperform rating from Market Perform.
    • Archer Daniels is seen having a strong second half of the year as fundamentals finally start to work in its favor.
    • The investment firm assigns a price target of $48 to ADM.
    • The ratings action from BMO is the first bullish call from Wall Street on Archer Daniels in over a year.
    | Tue, May 24, 9:52 AM | 19 Comments
  • Wed, May 18, 5:45 PM
    • The EPA proposes raising the amount of ethanol refineries must blend into the U.S. gasoline supply in 2017, but the amount is still well short of a target set by federal law.
    • The agency is calling for 18.8B gallons of ethanol and other biofuels to be blended into the fuel supply next year 2017, up 4% from the 18.11B gallons set for this year but far below the 24B gallons targeted in a 2007 law.
    • The rise is smaller than the amount backed by the farm lobby and biofuels companies such as Archer Daniels Midland (NYSE:ADM), Green Plains (NASDAQ:GPRE), Pacific Ethanol (NASDAQ:PEIX), Renewable Energy Group (NASDAQ:REGI) and Rex American Resources (NYSE:REX).
    • The proposal reflects oil companies’ concerns that the Renewable Fuel Standard is pushing them beyond the “blend wall” where targets force them to mix a higher proportion of ethanol into fuel than the 10% level approved for use in all cars and trucks.
    • However, “the EPA continues to very slowly edge the market above the 10 percent blend wall, which we view as part of a concerted effort to incentivize consumption of higher blends over time without risking market disruption,” says FBR Capital analyst Benjamin Salisbury.
    • The EPA is expected to issue a final rule by year-end, following a public comment period.
    | Wed, May 18, 5:45 PM | 19 Comments