Opinions
The Panic-Proof Portfolio (Stockchase Research)
Archer Daniels Midland Company
ADM-N
TOP PICK
Sep 14, 2023
Stock price when the opinion was issued
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For more than a century, the people of archer daniels midland company (nyse: adm) have transformed crops into products that serve the vital needs of a growing world. today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. with a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. learn more at www.adm.com. Social media mentions are up 200% in the past 24h.
The large US agricultural player is investigating a joint venture with PSX to produce a low carbon jet fuel. A recent plant outage in Illinois will see processing of corn back up soon. It trades at 12x earnings, 1.7x book and supports a 16% ROE. We recommend a stop-loss at $67, looking to achieve $99 -- upside potential of 22%. Yield 2.1%
(Analysts’ price target is $99.08)