5 Best Algae and Biofuel Stocks To Buy

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

Number of Hedge Fund Holders: 37

Archer-Daniels-Midland Company (NYSE:ADM) is one of the biggest food processing companies in the world. Archer-Daniels-Midland Company (NYSE:ADM) is also invested heavily in the biofuels space. Archer-Daniels-Midland Company (NYSE:ADM) produces biodiesel through a process called transesterification, in which vegetable oils are heated with alcohol in the presence of a catalyst to yield mono-alkyl esters (biodiesel) and glycerin. Archer-Daniels-Midland Company (NYSE:ADM) produces biodiesel from vegetable oil in EU, Brazil, Canada and in the U.S. Archer-Daniels-Midland Company (NYSE:ADM) is also operating in the ethanol segment of Archer-Daniels-Midland Company (NYSE:ADM).

Archer-Daniels-Midland Company (NYSE:ADM) produces ethanol from corn feedstock.

As of the end of the third quarter, 37 hedge funds tracked by Insider Monkey reported having stakes in Archer-Daniels-Midland Company (NYSE:ADM). The total value of these stakes was about $599 million.