10 Best Sugar Stocks to Buy According to Hedge Funds

8. Archer-Daniels-Midland Company (NYSE:ADM)

Number of Hedge Fund Holders: 35

Archer-Daniels-Midland Company (NYSE:ADM) is one of the best sugar stocks to buy according to hedge funds. Barclays lifted the price target on Archer-Daniels-Midland Company (NYSE:ADM) to $68 from $61 on February 19 and maintained an Equal Weight rating on the shares.

In another development, BMO Capital adjusted the price target on the stock to $63 from $57 on February 4, maintaining a Market Perform rating on the shares following the company’s release of fiscal Q4 results. The firm told investors that it lifted its price target as methodology increasingly reflects RVO, biofuel blending quota, and implications, but remains on the sidelines in a backdrop where concerns exist that the favorable fundamental outlook is not translating to EPS.

Archer-Daniels-Midland Company (NYSE:ADM) also received a rating update from JPMorgan the same day. The firm lifted the price target on the stock to $61 from $60 and maintained an Underweight rating on the shares, telling investors that it views the Archer-Daniels-Midland Company’s (NYSE:ADM) 2026 outlook as “more reasonable than conservative.”

Archer-Daniels-Midland Company (NYSE:ADM) is a human and animal nutrition company that serves as an agricultural processor and supply chain manager. The company offers liquid sucrose, invert sugar, and granulated sugar in a full range of products and blends, including dry and bulk liquid sugars, as well as an elaborate range of sweetening solutions. It operates through the Carbohydrate Solutions, Nutrition, and Ag Services and Oilseeds segments.