Archer Daniels Midland Co Stock Price, News & Analysis

ADM (NYSE: ADM) announced the election of new board member Ted Colbert during its 98th Annual Stockholders' Meeting. Colbert, who has served as executive vice president and CEO of Boeing Global Services since October 2019, brings extensive leadership experience and expertise in information technology and data analytics to the board. Additionally, eleven incumbent directors were re-elected, ensuring continuity within the leadership team. ADM continues to focus on providing nutrition worldwide and driving sustainability in its operations.

ADM has declared a cash dividend of 37.0 cents per share, payable on June 9, 2021, to shareholders of record on May 19, 2021. This marks ADM’s 358th consecutive quarterly payment, continuing its impressive record of 89 years of uninterrupted dividend payments. As of March 31, 2021, there are 558,507,476 shares of ADM common stock outstanding, reinforcing the company’s commitment to returning value to shareholders.

ADM (NYSE: ADM) will present at the 16th Annual BMO Capital Markets Farm to Market Conference on May 19. The session starts at 8:40 a.m. Eastern Time and will feature Chairman and CEO Juan Luciano alongside Ag Services & Oilseeds President Greg Morris.

The presentation will be available for live streaming at www.adm.com/webcast, with a replay accessible for a limited time thereafter. ADM is a global leader in nutrition, focusing on sustainable solutions and innovative ingredients for human and animal nutrition.

ADM (NYSE: ADM) reported strong financial results for Q1 2021, showing a year-over-year increase in earnings across all business segments. The company achieved a reported EPS of $1.22 and an adjusted EPS of $1.39, reflecting significant operating profit growth. Ag Services and Oilseeds saw an 84% rise in profits, while Carbohydrate Solutions also reported substantial gains. Chairman and CEO Juan Luciano highlighted the company's strategic focus on productivity and innovation, with an optimistic outlook for continued growth driven by favorable demand trends.

ADM (NYSE: ADM) opened a new plant-based innovation lab in Singapore's Biopolis research hub, aiming to address rising food and beverage demands in the Asia-Pacific region. The facility will focus on developing nutritious products catering to consumer preferences for plant-based nutrition, particularly protein. With a multi-disciplinary team, the lab will enhance product development capabilities, including flavor testing and medium-scale sampling. This initiative aligns with ADM's commitment to innovation and sustainability, reinforcing its market position in the global nutrition landscape.

On April 15, 2021, 8 Rivers Capital and ADM announced plans for a zero emissions Allam-Fetvedt cycle power plant, Broadwing Clean Energy Complex, in Decatur, Illinois, generating 280 MW of clean power. The facility will utilize ADM's carbon capture technology, aiming for a final investment decision in 2022 and operations by 2025. This project represents over half a billion dollars in investment and could create over a thousand jobs, while displacing over 1 million tons of CO2 annually. The initiative emphasizes affordable, sustainable clean energy, aligning with net-zero emissions goals by 2050.

ADM (NYSE: ADM) will announce its Q1 2021 financial results on April 27, 2021, before market open. Alongside the results, a slide presentation will be accessible for download. A webcast is scheduled for 8 a.m. Central Time on the same day to discuss the financial outcomes and provide an update on the company's performance. Investors can access the webcast and download the presentation via www.adm.com/webcast. This event marks a key opportunity for stakeholders to gauge the company's financial health.

ADM (NYSE: ADM) has nominated Ted Colbert, President and CEO of Global Services at Boeing, for election to its Board of Directors at the Annual Stockholders’ Meeting on May 6, 2021. Chairman and CEO Juan Luciano praised Colbert's extensive experience in business performance and technology, emphasizing the board's diverse expertise that aligns with ADM's strategic vision. ADM is recognized for its commitment to diversity and inclusion in board leadership, enhancing its position as a global nutrition leader.

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of 'a-' for Agrinational Insurance Company and ADM Insurance Company, with a stable outlook. These ratings reflect a strong balance sheet, adequate operating performance, and effective enterprise risk management. The affirmation considers strong risk-adjusted capitalization amid elevated leverage metrics. Additionally, ADM Insurance Group benefits from the support of its parent, Archer Daniels Midland Company, enhancing its capacity to meet global insurance needs.