Archer Daniels Midland (ADM) has a market cap of $22.4 billion. It fell by 1.7% and closed at $38.08 per share on May 5, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -5.0%, 7.2%, and 4.8%, respectively, as of the same day. This means that Archer Daniels Midland is trading 0.50% below its 20-day moving average, 2.6% above its 50-day moving average, and 2.5% below its 200-day moving average.
Related ETFs and peers
The Vanguard Large-Cap ETF (VV) invests 0.15% of its holdings in Archer Daniels Midland. VV tracks a market-cap-weighted index that covers 85% of the market capitalization of the US equity market. VV’s YTD price movement was 0.21% as of May 5, 2016.
The iShares MSCI USA Value Factor ETF (VLUE) invests 2.2% of its holdings in Archer Daniels Midland. VLUE tracks an index of large and mid-cap US equities. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value, and cash earnings) aiming for exposure to undervalued stocks in each sector.
The market caps of Archer Daniels Midland’s competitors are as follows:
Archer Daniels Midland elected directors and declared its dividend
Archer Daniels Midland elected its new director and re-elected 11 directors. Debra Sandler is the company’s new director. She served as the chief health and wellbeing officer at Mars. She also held senior leadership positions at Johnson & Johnson and PepsiCo.
The re-elected directors are Alan L. Boeckmann, Mollie Hale Carter, Terrell K. Crews, Pierre Dufour, Donald E. Felsinger, Juan R. Luciano, Antonio Maciel Neto, Patrick J. Moore, Francisco Sanchez, Daniel Shih, and Kelvin R. Westbrook.
The company declared a cash dividend of $0.30 per share on its common stock. The dividend will be paid on June 8, 2016, to shareholders of record at the close of business on May 18, 2016.
Performance in 1Q16
Archer Daniels Midland reported fiscal 1Q16 revenue of $14.4 billion—a fall of 17.8% compared to revenue of $17.5 billion in fiscal 1Q15. It reported asset impairment, exit, and restructuring costs of $13 million in fiscal 1Q16. Operating profit of agricultural services and oilseeds processing fell by 61.3% and 44.6%, respectively. The operating profit of corn processing and wild flavors & specialty ingredients rose by 15.9% and 2.9%, respectively, in fiscal 1Q16—compared to fiscal 1Q15.
Its net income and EPS (earnings per share) fell to $2.3 million and $0.39, respectively, in fiscal 1Q16—compared to $4.9 million and $0.77, respectively, in fiscal 1Q15.
Archer Daniels Midland’s cash and cash equivalents and operating working capital fell by 20.7% and 5.9%, respectively, in fiscal 1Q16—compared to fiscal 1Q15. Its debt-to-equity ratio rose to 0.54x in fiscal 1Q16—compared to 0.51x in fiscal 1Q15.
Next, we’ll discuss TreeHouse Foods’ (THS) performance in fiscal 1Q16.