Archer Daniels Midland Co Stock Price, News & Analysis

ADM, in partnership with Keurig Dr Pepper, PepsiCo, and Practical Farmers of Iowa, has received the 2022 Collaboration of the Year Award from Field to Market for their project supporting Nebraska farmers. This initiative, initiated in 2021, aimed to enhance resiliency through cover cropping. The project exceeded its goal by planting over 15,000 acres of cover crops, which improve soil health and prevent erosion. ADM is committed to sustainability and reducing Scope 3 emissions through active collaboration with growers and partners.

ADM’s Board of Directors has announced a cash dividend of 40.0 cents per share, payable on December 7, 2022, to shareholders of record on November 16, 2022. This marks ADM's 364th consecutive quarterly payment, showcasing a remarkable record of 91 years of uninterrupted dividends. As of September 30, 2022, ADM had 549,334,177 shares of common stock outstanding.

ADM (NYSE:ADM) recently released its third annual outlook on global consumer trends that will influence the food, beverage, and animal nutrition sectors. Highlighting eight key areas, the report emphasizes the convergence of health, sustainability, and food security, driving demand for innovation. Key trends include a significant rise in flexitarian diets, a focus on balanced wellness, personalized nutrition, and consumer demand for transparency and ethical practices. As companies adapt to these evolving preferences, ADM aims to lead in meeting these consumer expectations.

ADM reported strong Q3 2022 results, with net earnings approximating $1 billion and an adjusted EPS of $1.86, up from $0.97 in Q3 2021. The company achieved a segment operating profit of $1.56 billion, boosted by robust demand in Ag Services and Oilseeds, improving margins in Carbohydrate Solutions, and a 10% revenue growth in Nutrition. Despite challenges such as lower ethanol margins and fulfillment issues, ADM forecasts strong performance heading into 2023, backed by productivity initiatives and capital returns to shareholders.

ADM will release its third-quarter financial results on October 25, 2022, before market opening. A slide presentation will be available for download, and a webcast discussing the results will take place at 8 a.m. Central Time. Investors can access the webcast and presentation via www.adm.com/webcast. The company highlights its role as a leader in nutrition and sustainability, focusing on innovative plant-based solutions to address global food security.

ADM (NYSE: ADM) celebrates its 120th anniversary, highlighting its evolution from a linseed oil business to a global leader in agriculture and nutrition. Founded in 1902 in Minneapolis, ADM now employs 41,000 people and operates in nearly 200 countries. The company emphasizes its commitment to sustainability and innovation, led by CEO Juan Luciano. To mark this milestone, ADM conducted a Fight Hunger Challenge, resulting in a donation of 1.2 million meals in partnership with major food relief organizations. For more details, visit here.

ADM and PepsiCo have entered a remarkable 7.5-year partnership to promote regenerative agriculture across North America. This initiative aims to enroll corn, soy, and wheat farmers in states like Kansas and Iowa by 2030, impacting up to 2 million acres. The collaboration intends to reduce greenhouse gas emissions by 1.4 million metric tons, equivalent to powering 275,000 homes for a year. Both companies emphasize sustainability, with ADM targeting a 25% reduction in Scope 3 emissions by 2035, aligning with PepsiCo's goal of spreading regenerative practices across 7 million acres.