This afternoon we watched Archer-Daniels-Midland Company drop -3.3% to a price of $69.97 per share. The large-cap Packaged Foods company is now trading -27.58% below its average target price of $96.62. Analysts have set target prices ranging from $77.0 to $117.0 per share for Archer-Daniels-Midland Company, and have given the stock an average rating of buy.
Archer-Daniels-Midland Company's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 1.44. The company's insiders own 0.67% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 81.0%. In conclusion, we believe there is positive market sentiment regarding Archer-Daniels-Midland Company.
Institutions Invested in Archer-Daniels-Midland Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 12% | 62,250,866 | $4,356,004,253 |
| 2023-06-30 | State Farm Mutual Automobile Insurance Co | 9% | 46,796,552 | $3,274,588,654 |
| 2023-06-30 | Blackrock Inc. | 8% | 43,647,359 | $3,054,223,879 |
| 2023-06-30 | State Street Corporation | 6% | 31,364,445 | $2,194,726,991 |
| 2023-06-30 | Capital World Investors | 3% | 17,226,199 | $1,205,403,248 |
| 2023-06-30 | Capital International Investors | 3% | 17,105,265 | $1,196,940,892 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 14,333,022 | $1,002,953,192 |
| 2023-06-30 | Northern Trust Corporation | 2% | 13,051,305 | $913,265,047 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 9,956,183 | $696,683,890 |
| 2023-06-30 | First Trust Advisors LP | 1% | 7,067,532 | $494,550,540 |
