Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, September 5, 2014

Article Excerpt

ARCHER DANIELS MIDLAND CO., $50.36, New York symbol ADM, 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. This week, the company agreed to sell its global chocolate operations, including three plants in North America and three in Europe, to privately held Cargill Inc. These businesses process cocoa into chocolate for candy makers and other food companies. Archer Daniels will receive $440 million when it completes the sale in the first half of 2015. That’s equal to 83% of the $533 million, or $0.81 a share, that it earned in the three months ended June 30, 2014. The cash will help the company fund its $3.1-billion deal to buy Switzerland-based WILD Flavors, a privately held firm that supplies natural ingredients to over 3,000 food and beverage makers. WILD will add $1.4 billion to Archer…