ARCHER DANIELS MIDLAND CO., $44 - New York symbol ADM

ARCHER DANIELS MIDLAND CO., $44 (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 654.5 million; Market cap: $28.8 billion; Price-to-sales ratio: 0.3; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, canola, flax seed, peanuts, cocoa and other crops into a wide variety of food ingredients, such as flour, oils and sweeteners. It is also the largest maker of ethanol from corn in the U.S.

The company is making good progress with its plan to improve its efficiency and sell less-profitable businesses. As a result, it now expects these moves to cut its annual costs by $400 million by the end of this year, up from its earlier goal of $200 million. To put these figures in context, Archer Daniels earned $1.3 billion, or $2.02 a share, in 2013.

Archer Daniels Midland is a buy.

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