ADM aims to get healthier

Article Excerpt

ARCHER DANIELS MIDLAND CO. $50 is a buy. The company (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 555.5 million; Market cap: $27.8 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed, peanuts and other crops into a variety of ingredients such as flour, oils and sweeteners. The company now plans to build a new facility in Valencia, Spain, that will let it increase production of probiotics by 400%. Probiotics contain bacteria that improve digestion. Demand for those products continues to rise, as foodmakers adjust their products to satisfy increasingly health-conscious consumers. Archer Daniels has to yet reveal how much this new facility will cost, but it should begin operating in 2022. Archer Daniels Midland is a buy. buy…