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4-Traders Homepage  >  Equities  >  Nyse  >  Archer Daniels Midland Company    ADM

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ADM says it's not bidding for Unilever's spreads business

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10/02/2017 | 06:23pm CEST
A worker scans barcodes by a chiller cabinet of Flora margarine at a Sainsbury's supermarket in London

U.S. agricultural trader Archer Daniels Midland Co (>> Archer Daniels Midland Company) on Monday denied a report that it was bidding on Unilever Plc's (>> Unilever) spreads business, which includes Flora and Stork margarines.

U.S. agricultural trader Archer Daniels Midland Co (>> Archer Daniels Midland Company) on Monday denied a report that it was bidding on Unilever Plc's (>> Unilever) spreads business, which includes Flora and Stork margarines.

British newspaper the Times had reported that ADM was planning to make a move for part of the Unilever unit. ADM said in a statement that it was not submitting a bid.

ADM and its rivals have been investing in higher-margin businesses such as food ingredients and natural flavorings to prop up slumping results from core grain trading and processing operations. Strong margins in sweeteners and starches helped prop up ADM's second-quarter earnings.

Shares of ADM were up 0.4 percent at $42.67 in midday trading.

(Reporting by Mark Weinraub; Editing by Lisa Von Ahn)

Stocks treated in this article : Unilever (NL), Archer Daniels Midland Company, Unilever
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Financials ($)
Sales 2017 63 359 M
EBIT 2017 1 839 M
Net income 2017 1 403 M
Debt 2017 5 806 M
Yield 2017 2,66%
P/E ratio 2017 17,69
P/E ratio 2018 15,24
EV / Sales 2017 0,48x
EV / Sales 2018 0,47x
Capitalization 24 565 M
Chart ARCHER DANIELS MIDLAND COM
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Archer Daniels Midland Com Technical Analysis Chart | ADM | US0394831020 | 4-Traders
Technical analysis trends ARCHER DANIELS MIDLAND COM
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 42,4 $
Spread / Average Target -2,9%
EPS Revisions
Managers
NameTitle
Juan Ricardo Luciano Chairman, President & Chief Executive Officer
Ray G. Young Chief Financial Officer & Executive Vice President
Todd A. Werpy Chief Technology Officer & Senior Vice President
Patrick J. Moore Independent Director
Mollie Hale Carter Independent Director
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