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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Archer-Daniels-Midland Company
Type
Public
Traded as NYSE: ADM
S&P 500 Component
Industry Food processing
Commodities
Founded Minneapolis, Minnesota, United States (1902 (1902))
Headquarters 77 West Wacker Drive
Chicago, Illinois, United States
Key people
Juan Luciano
(President and CEO)
Products Corn Syrup,
High fructose corn syrup,
Feed,
Ethanol,
Bioenergy
Food.
Revenue Decrease US$62.346 billion (2016)
Operating income
Decrease US$1.822 billion (2016)
Net income
Decrease US$1.279 billion (2016)
Total assets Decrease US$39.769 billion (2016)
Total equity Decrease US$17.181 billion (2016)
Number of employees
32,300 (2016)
Website www.adm.com

The Archer Daniels Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.

It was named the world's most-admired food-production company by Fortune magazine for three consecutive years: 2009, 2010 and 2011.

The company also provides agricultural storage and transportation services. The American River Transportation Company along with ADM Trucking, Inc., are subsidiaries of ADM.

Products include oils and meal from soybeans, cottonseed, sunflower seeds, canola, peanuts, flaxseed, Palm kernel and Diacylglycerol (DAG) oil, as well as corn germ, corn gluten feed pellets, syrup, starch, glucose, dextrose, crystalline dextrose, high fructose corn syrup sweeteners, cocoa liquor, cocoa powder, cocoa butter, chocolate, ethanol, and wheat flour. End uses are consumption by people, livestock, and additives for fuel.

Long known as a food and ingredients company, it has also invested in fuel production. ADM nearly doubled capital spending in its 2007 budget to an estimated $1.12 billion. The increase is planned for bioenergy projects, focusing on bioethanol and biodiesel.

The Oilseeds Processing segment includes global activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds (cottonseed, sunflower seed, canola, rapeseed, and flaxseed) into vegetable oils and protein meals.

ADM's Corn Processing segment is engaged in corn wet milling and dry milling activities, with its asset base primarily located in the central part of the United States. The Corn Processing segment converts corn into sweeteners and starches, and bioproducts. Its products include ingredients used in the food and beverage industry including sweeteners, starch, syrup, glucose (dextrose). Dextrose and starch are used by the Corn Processing segment as feedstocks for its bioproducts operations.

ADM's Agricultural Services segment uses its U.S. grain elevator, global transportation network, and port operations to buy, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

ADM Investor Services, Inc. is a registered futures commission merchant and a clearing member of all principal commodities exchanges in the U.S. ADM Investor Services International, Ltd., a member of commodity exchanges and clearing houses in Europe, and ADMIS Hong Kong Limited, offer broker services in Europe and Asia.

ADM'S captive insurance services, which include Agrinational Insurance Company (Agrinational), provides insurance coverage for certain property, casualty, marine, credit, and other miscellaneous risks of the Company and participates in certain third-party reinsurance arrangements.

ADM's Crop Risk Services is a managing general agent which sells and services crop insurance policies to farmers.

In 1902, George A. Archer and John W. Daniels began a linseed crushing business in Minneapolis, Minnesota. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company, and the Archer Daniels Midland Company was formed. ADM expanded its agribusiness to include milling, processing, specialty food ingredients, and cocoa.

In 1970, Dwayne Andreas became the chief executive officer of ADM, and is credited with transforming the firm into an industrial powerhouse. Andreas remained CEO until 1997 before his nephew G. Allen Andreas was named to this position. He was one of the most prominent political campaign donors in the United States, having contributed millions of dollars to Democratic and Republican candidates alike.

In 2001, Paul B. Mulhollem became the company's president. Under his guidance, the company was the first U.S. company to sign a contract with Cuba since the embargo against Cuba was imposed October 1960.

In May 2006, Patricia A. Woertz became the company's chief executive officer. Formerly of Chevron, she was expected to focus on developing ethanol and biofuels. In February 2007, Ms. Woertz was elected Chairman of the Board at ADM.

Starting in October 2012, the company sought to acquire strategic holdings to support serving Asian markets through acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia. On 29 Nov 2013, this acquisition was blocked by the Australian Treasurer.

On July 7, 2014, the company said that it will buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at diversifying the company and helping brands appeal to consumers who increasingly favor foods with natural ingredients and flavorings.

On November 5, 2014, ADM announced that effective January 1, 2015, Juan Luciano will become the company's new CEO. Luciano was hired on in 2011 as the company's Chief Operating Officer. Woertz will retain the position of Chairman of the Board until 2016 when she is expecting to retire.

In October 2015, ADM announced the sale of its global cocoa business to Olam. The sale is valued at about $1.2 billion. Approximately 1,500 employees transferred to Olam with the sale.

In January 2017, Archer Daniels Midland agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.

In 1920 the US Department of Justice brought suit against the National Linseed Oil Trust for violating the Sherman Antitrust Act. Several co-defendants were named, including the Archer-Daniels Manufacturing Company. The suit alleged all of these companies were acting in collusion to raise prices, citing a spike in linseed oil costs between 1916 and 1918, when the price rose from $.50 per gallon to $1.80.

In 1993, the company was the subject of a lysine price-fixing investigation by the U.S. Justice Department. Senior ADM executives were indicted on criminal charges for engaging in price-fixing within the international lysine market. Three of ADM's top officials, including vice chairman Michael Andreas were eventually sentenced to federal prison in 1999. Moreover, in 1997, the company was fined $100 million, the largest antitrust fine in U.S. history at the time. Mark Whitacre, FBI informant and whistleblower of the lysine price-fixing conspiracy, would also find himself in legal trouble for embezzling money from ADM during his time as an informant for the FBI. In addition, according to ADM's 2005 annual report, a settlement was reached under which ADM paid $400 million in 2005 to settle a class action antitrust suit.

The Informant is a nonfiction thriller book that documents the mid-1990s lysine price-fixing conspiracy case and the involvement of ADM executive Mark Whitacre. The book was adapted into the 2009 film The Informant!. This case has also been featured on episode 168 of This American Life called The Fix Is In.

On December 20, 2013 the SEC announced that it had charged ADM for failing to prevent illicit payments (bribes) made by its foreign subsidiaries to Ukrainian government officials in violation of the FCPA. ADM agreed to pay more than $36 million to settle the SEC's charges.

The company has been the subject of several major federal lawsuits related to air pollution. In 2001, it agreed to pay a $1.46 million fine for violating federal and Illinois clean-air regulations at its Decatur feed plant and to spend $1.6 million to reduce air pollution there. In 2003, the company settled federal air pollution complaints related to the its efforts to avoid New Source Review provisions of the Clean Air Act that require pollution control upgrades when a plant is modernized. The company paid $4.5 million in penalties and more than $6 million to support environmental projects. In addition, ADM agreed to eliminate more than 60,000 tons of emissions of carbon monoxide, particulate matter, organic volatile chemicals and other pollutants from 42 plants in 17 states at a cost of hundreds of millions of dollars.

ADM is involved in a joint project with Daimler AG and Bayer CropScience to develop jatropha as a biofuel.

In an attempt to reduce its carbon footprint, the company has partnered with the Midwest Geological Sequestration Association and other organizations to test the disposal of carbon dioxide emissions underground. If testing is successful, beginning in late 2010 the company expected to dispose of 1,000 metric tons per day of carbon dioxide emissions currently being released to the atmosphere.

The company lobbies for agricultural subsidies and price supports including sugar and ethanol. According to a 1995 report by the libertarian think tank Cato Institute, "ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its bioethanol operation costs taxpayers $30."

Investment goal date:
Dividends reinvested
Archer-Daniels-Midland Company ADM report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-03
--
--
Q4 2017
2018-02-05
--
--
Q3 2017
2017-10-31
0.4500
0.3400
Q2 2017
2017-08-01
0.5700
0.4800
Q1 2017
2017-05-02
0.6000
0.5900
Q4 2016
2017-02-07
0.7500
0.7300
Q3 2016
2016-11-01
0.5900
0.5800
Q2 2016
2016-08-02
0.4100
0.4800
Q1 2016
2016-05-03
0.4200
0.3900
Q4 2015
2016-02-02
0.6100
1.1900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BANK OF AMERICA CORP /DE/
5536820
Bank of New York Mellon Corp
7659219
BlackRock Fund Advisors
8114516
BlackRock Group LTD
7628039
BlackRock Inc.
39248469
BlackRock Institutional Trust Company, N.A.
17590988
DIMENSIONAL FUND ADVISORS LP
5371838
FRANKLIN RESOURCES INC
7055735
GEODE CAPITAL MANAGEMENT, LLC
5327074
LSV ASSET MANAGEMENT
5867113
MACQUARIE GROUP LTD
16974063
NORTHERN TRUST CORP
9893594
PRICE T ROWE ASSOCIATES INC /MD/
13690873
STATE STREET CORP
32888502
Vanguard Group, Inc
43397849
Major Shareholders
Name Relationship
Total Shares
Holding stocks
D AMBROSE MICHAEL
0.0300% (171912)
ADM /
WOERTZ PATRICIA A
0.1200% (750508)
ADM / MMM / PG /
CARTER MOLLIE H
0.3500% (2262660)
ADM / WR /
JANSEN MATTHEW J
0.0300% (167932)
ADM /
FINDLAY D CAMERON
0.0200% (158565)
ADM / MDT /
Luthar Vikram
0.0100% (42734)
ADM /
Bemis Mark
0.0200% (124493)
ADM /
Herzfeld Shannon
0.0100% (46114)
ADM /
Roig Ismael
0.0100% (33879)
ADM /
Stott John P
0.0100% (37922)
ADM /
Young Ray G
0.0400% (270013)
ADM / IP /
Hess Kevin
0.0100% (46183)
ADM /
Kampfe Randall R
0.0100% (49054)
ADM /
LUCIANO JUAN R
0.0400% (275059)
ADM / LLY /
Lastra Domingo A.
0.0100% (37045)
ADM /
Taets Joseph D.
0.0200% (150590)
ADM /
Morris Gregory A
0.0100% (86351)
ADM /
Cuddy Christopher M
0.0100% (83776)
ADM /
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