Archer-Daniels-Midland Company stock is trading -20.41% below its average target price of $98.82 after dropping -1.4% during today's afternoon session. Analysts are giving the large-cap Packaged Foods company an average rating of buy and target prices ranging from $85.0 to $117.0 per share.
The stock has a very low short interest at 1.1%, and a short ratio of 1.93. 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 81.0% 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 |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 12% | 62,250,866 | $4,896,030,705 |
| 2023-06-30 | State Farm Mutual Automobile Insurance Co | 9% | 46,796,552 | $3,680,548,886 |
| 2023-06-30 | Blackrock Inc. | 8% | 43,647,359 | $3,432,864,851 |
| 2023-06-30 | State Street Corporation | 6% | 31,364,445 | $2,466,813,647 |
| 2023-06-30 | Capital World Investors | 3% | 17,226,199 | $1,354,840,577 |
| 2023-06-30 | Capital International Investors | 3% | 17,105,265 | $1,345,329,118 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 14,333,022 | $1,127,292,202 |
| 2023-06-30 | Northern Trust Corporation | 2% | 13,051,305 | $1,026,485,158 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 9,956,183 | $783,053,808 |
| 2023-06-30 | First Trust Advisors LP | 1% | 7,067,532 | $555,861,402 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Archer-Daniels-Midland Company.
