Archer Daniels Midland Co - ADM STOCK NEWS

ADM will participate in the Barclays Global Consumer Staples Conference on Thursday, Sept. 9, 2023. Key executives, including Leticia Goncalves and Vikram Luthar, will engage in a fireside chat at 12:20 p.m. Central Time. The presentation will be available via a live webcast on www.adm.com/webcast, with a replay accessible for a limited time. ADM is recognized for its innovative approaches to nutrition and its leadership in human and animal nutrition globally.

ADM reports a significant consumer shift towards health and wellness, with 60% of global consumers planning to enhance their health in the next year. This trend, influenced by the COVID-19 pandemic, emphasizes preventative health behaviors. Key insights include a renewed focus on wellness, a holistic mind-body approach, tailored nutrition, proactive immunity measures, and purposeful indulgence. As these behavioral changes are expected to persist post-pandemic, ADM aims to support food and beverage companies in creating innovative, health-forward products.

Marathon Petroleum Corp. (MPC) and ADM have formed a joint venture to produce soybean oil aimed at meeting the rising demand for renewable diesel fuel. ADM will hold a 75% stake in the venture, which will operate a soybean processing facility in Spiritwood, North Dakota. Expected to be operational by 2023, the facility will process local soybeans into refined soybean oil, producing around 600 million pounds annually, sufficient for approximately 75 million gallons of renewable diesel. The complex represents a $350 million investment and will create about 75 permanent jobs.

ADM (NYSE: ADM) has declared a cash dividend of 37.0 cents per share, payable on Sept. 8, 2021, to shareholders of record by Aug. 18, 2021. This marks ADM's 359th consecutive quarterly dividend, highlighting an impressive 89 years of uninterrupted payments. As of June 30, 2021, the company had 559,360,690 shares outstanding, further solidifying its commitment to returning value to shareholders.

ADM reported robust financial results for Q2 2021, with earnings per share of $1.26 and adjusted EPS of $1.33, compared to $0.84 and $0.85 in Q2 2020, respectively. Segment operating profit surged to $1,145 million from $813 million year-over-year. Notable growth was seen in Ag Services & Oilseeds, Carbohydrate Solutions, and Nutrition, with the latter's profit growth revised to 20% for the year. Despite some pressures from high commodity prices and timing effects, ADM's diversified business model showcases resilience and strong recovery momentum, positioning the company for sustained growth.

Global nutrition leader ADM has announced its agreement to acquire Sojaprotein, a prominent European non-GMO soy ingredients provider. Founded in 1977, Sojaprotein reported over $100 million in sales in 2020 and supplies products to 65 countries across various sectors. This acquisition aligns with ADM's strategy to enhance its alternative protein capabilities, a segment projected to grow from $10 billion to $30 billion in the next decade. The transaction awaits regulatory approvals.

ADM (NYSE: ADM) will announce its second-quarter financial results on July 27, 2021, prior to market opening. A slide presentation will accompany the report and will be available for download. Additionally, the company will host a webcast at 8 a.m. Central Time to discuss the results and provide updates. Investors can access the webcast and the presentation at www.adm.com/webcast. A replay will also be available after the event.

ADM Ventures, the venture capital division of ADM (NYSE: ADM), has partnered with the Genesis Consortium to support startups using biology for human and planetary health. This collaboration aims to accelerate the commercial launch of sustainable innovations, including recent partnerships with companies like Air Protein and Spiber. According to ADM’s Chief Strategy and Innovation Officer, Ian Pinner, this alliance facilitates the development of new products that address global challenges while meeting consumer needs. The Genesis Consortium enhances the support for early-stage life science startups through resources and networking.

ADM (NYSE: ADM) will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9. Chief Financial Officer Ray Young is set to engage in a fireside chat at 12:20 p.m. Central Time. The event will be accessible via live webcast on the ADM website, with a replay available shortly after. ADM is a leader in global nutrition, focusing on sustainable products that address nutritional challenges. The company is recognized for its agricultural origination and processing capabilities.