Why Is ADM Up Today?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.