Louis Navellier’s Top 5 Stock Picks for Q4 2022

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

Navellier & Associates’ Stake Value: $12.13 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.69%

Number of Hedge Fund Holders: 37

The Archer-Daniels-Midland Company (NYSE:ADM), commonly known as ADM, is an American multinational food processing and commodities trading corporation based in Illinois. According to the Q3 2022 13F filings, Navellier & Associates owned 150,760 shares of the company, valued at $12.13 million, representing a 2.69% concentration in the portfolio.

On October 26, Baird analyst Ben Kallo raised the price target on The Archer-Daniels-Midland Company (NYSE:ADM) to $98 from $94 and maintained an Outperform rating on the shares.

Diamond Hill Capital mentioned Archer-Daniels-Midland Company (NYSE:ADM) in its Q1 2022 investor letter. Here is what the firm has to say:

“ADM is a leading agricultural processor that also operates a global nutrition business focused on the development of ingredients and flavors for food and beverages, supplements and more. The company’s recent operating results have benefited (unfortunately) from the war in Ukraine as grain prices and agricultural markets globally experienced strong price increases. ADM is positioned well to benefit from the volatility due to its stable North American agricultural base.”