5 Cheap Food Stocks to Buy

In this article, we will be taking a look at 5 cheap food stocks to buy. To read our detailed analysis of the food sector and to see more of these stocks, you can go directly to see the 10 Cheap Food Stocks to Buy.

5. Archer Daniels Midland Company (NYSE:ADM)

Upside Potential as of April 1: 28.67%

Average Price Target as of April 1: $102.5

Number of Hedge Fund Holders: 40

Archer Daniels Midland Company (NYSE:ADM) is an agricultural products and services company. It provides a range of food products such as vegetable oils and protein meats, among more.

Vincent Anderson, an analyst at Stifel, holds a Buy rating on Archer Daniels Midland Company (NYSE:ADM) shares, alongside a $116 price target.

Archer Daniels Midland Company (NYSE:ADM) is trading at a P/E ratio of 11.56, which is below the consumer staples median of 19.81 and its own five-year average of 14.11. This shows that the stock is currently undervalued, but its price is likely to rise considering analyst sentiments. Analysts have an average price target of $102.5 on the shares, with a high forecast of $116.

There were 40 hedge funds long Archer Daniels Midland Company (NYSE:ADM) in the fourth quarter, with a total stake value of $701 million.