5 Best Alternative Meat Stocks to Buy

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

Number of Hedge Fund Holders: 32

Archer-Daniels-Midland Company (NYSE:ADM) ranks 2nd in our list of the best alternative meat stocks to buy. The company says it leverages “both the plant-based revolution and an increased interest in organic, sustainable and clean-label foods.” To search for meat alternatives, Archer-Daniels-Midland Company (NYSE:ADM) offers plant-based whole muscle solutions globally as plant-based products’ demand is rising around the world. The firm also sells plant-based burgers to those who prefer meat alternatives. The company mainly operates across pea, soy and wheat as part of its plant-based protein ingredients portfolio. In Q3, it posted earnings of $1.63 per share, beating analysts’ expectations of $1.5.

“In our plant-based main courses, ADM Arcon and TVP proteins are the stars,” Archer-Daniels-Midland Company (NYSE:ADM) said on its website.

Insider Monkey took a look at hedge fund portfolios for Archer-Daniels-Midland Company (NYSE:ADM)’s second quarter of 2023 investments and concluded that 32 had stakes in the firm. Cliff Asness’ AQR Capital Management was Archer-Daniels-Midland Company (NYSE:ADM)’s largest stakeholder which owned about 2.2 million shares for about $162.1 million.