This afternoon we watched Archer-Daniels-Midland Company rise 1.0% to a price of $73.25 per share. The large-cap Packaged Foods company is now trading -24.28% below its average target price of $96.74. Analysts have set target prices ranging from $82.0 to $117.0 per share for Archer-Daniels-Midland Company, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 1.89. The company's insiders own 0.67% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.4% of Archer-Daniels-Midland Company's shares being owned by this investor type.
Institutions Invested in Archer-Daniels-Midland Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 11% | 62,571,036 | $4,583,328,387 |
| 2023-03-31 | Blackrock Inc. | 9% | 47,965,394 | $3,513,465,110 |
| 2023-03-31 | State Farm Mutual Automobile Insurance Co | 9% | 46,796,552 | $3,427,847,434 |
| 2023-03-31 | State Street Corporation | 6% | 30,049,635 | $2,201,135,763 |
| 2023-03-31 | Capital World Investors | 3% | 18,873,151 | $1,382,458,310 |
| 2023-03-31 | Capital International Investors | 3% | 17,101,457 | $1,252,681,725 |
| 2023-03-31 | Wellington Management Group, LLP | 3% | 13,684,109 | $1,002,360,984 |
| 2023-03-31 | Northern Trust Corporation | 2% | 13,044,756 | $955,528,377 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 9,850,240 | $721,530,080 |
| 2023-03-31 | First Trust Advisors LP | 1% | 6,558,877 | $480,437,740 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Archer-Daniels-Midland Company.
