5 Best Plant Based Companies to Invest In

1. Archer Daniels Midland Company (NYSE:ADM)

Number of Hedge Fund Holders: 41

Archer Daniels Midland Company (NYSE:ADM) is a leading multinational provider of plant-based proteins, headquartered in Chicago. This January, the company reported earnings per share of $1.50, beating estimates by $0.13, for the fiscal fourth quarter of 2021. The company’s quarterly revenues came to $23.09 billion, up 28.43% year over year, and outperformed market consensus by $2.86 billion. As of April 7, 2022, Archer Daniels Midland Company (NYSE:ADM) has gained 48.49% over the past six months and is worth an astounding $52.86 billion on the open market.

On April 6, 2022, Stifel analyst Vincent Anderson raised his price target on Archer Daniels Midland Company (NYSE:ADM) to $100 from $80 and reiterated a Buy rating on the shares.

Archer Daniels Midland Company (NYSE:ADM) is attracting bullish views from analysts and investors alike. At the end of the fourth quarter of 2021, 41 hedge funds held long positions in the company. The fund’s collective stakes amounted to $481.23 million, up from $351.48 million in the preceding quarter with 27 positions. The hedge fund sentiment for the stock is positive.

At the close of Q4 2021, Ric Dillon’s Diamond Hill Capital was identified as the leading shareholder in Archer Daniels Midland Company (NYSE:ADM) owning over 5.7 million shares of the stock. The fund’s stakes in the company are estimated at $385.92 million which represents 1.37% of Diamond Hill Capital’s 13F portfolio.

You can also take a look at 15 Largest Dairy Companies in The World and 15 Largest Fast Food Companies in The World.

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