Dividend Aristocrats Ranked: Top 5 According to Analysts

2. Archer Daniels Midland Company (NYSE:ADM)

Number of Hedge Fund Holders: 40

Target Price as of April 10: $101.57

Upside Potential as of April 10: 26.88%

Founded in 1902, Archer Daniels Midland Company (NYSE:ADM), commonly known as ADM, is a major player in the food industry, with a diverse portfolio of products including oils, sweeteners, starches, proteins, and feed ingredients. The company engages in every aspect of the food and feed production process, from sourcing and processing raw materials to delivering finished products to customers. ADM is also involved in global commodity trading of crops like corn, soybeans, and wheat.

On April 14, BMO Capital reinstated coverage of Archer Daniels Midland Company (NYSE:ADM) with a price target of $100 and an ‘Outperform’ rating for the shares.