1. Archer Daniels Midland (ADM) is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. It is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of vegetable oil and protein meal, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients.
During the latest third quarter ended March 2011, the company reported earnings of $578 million, or 86 cents per share, compared to $421 million, or 65 cents per share in the year-ago quarter. Revenue for the period soared 32.6%, to $20 billion, as total processed volumes increased 4%, to 15 million tons, from 14.5 million tons in the third quarter of 2010.
The company recently declared a cash dividend of 16 cents per share payable on June 9, 2011 to stockholders of record on May 19, 2011. This is ADM's 318th consecutive quarterly payment, a record of 79 years of uninterrupted dividends.Of the 14 analysts covering the stock, 57% recommend it as a buy, while 36% rate it a hold. On average, analysts estimate an upside of 28.3%, to $40.75 from current levels. >>To see these stocks in action, visit the 8 Agriculture Stocks With Upside portfolio on Stockpickr.