Archer Daniels Midland Co has split its stock 10 times since its initial public offering (IPO). The first stock split occurred on August 17, 1993 with the ratio of 105-for-100, meaning that for 100 shares of ADM owned pre-split, shareholders then owned 105 shares. 9 more splits have been implemented since then. The most recent stock split took place on August 30, 2001 on a 21-for-20 basis.
These splits have increased ADM stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Archer Daniels Midland Co's total market capitalization.
For more detailed information of Archer Daniels Midland Co's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Archer Daniels Midland Co has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ADM stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Archer Daniels Midland Co's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
