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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 CET
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 61 834 M
EBIT 2017 1 702 M
Net income 2017 1 209 M
Debt 2017 5 870 M
Yield 2017 2,95%
P/E ratio 2017 18,36
P/E ratio 2018 14,57
EV / Sales 2017 0,45x
EV / Sales 2018 0,45x
Capitalization 22 130 M
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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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Consensus
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Mean consensus HOLD
Number of Analysts 17
Average target price 40,6 $
Spread / Average Target 2,6%
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
Kelvin R. Westbrook Independent Director
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