Topic: Growth Stocks

ARCHER DANIELS MIDLAND CO. $34

ARCHER DANIELS MIDLAND CO. $34 (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 593.9 million; Market cap: $20.2 billion; Priceto- sales ratio: 0.3; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, canola, flax seed, peanuts and other crops into a variety of food ingredients, such as flour, oils and sweeteners.

The company has agreed to pay an undisclosed sum for a controlling stake in Iowa-based Harvest Innovations. This private firm makes soy proteins and oils for gluten-free pastas and other foods. Harvest’s expertise will help Archer Daniels profit as increasingly health-conscious consumers eat products made with organic and non-genetically modified ingredients.

Archer Daniels Midland is a buy.

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