5 Best Agriculture Stocks to Invest In

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In this article, we will be looking at the 5 best agriculture stocks to invest in. If you want to see our detailed analysis of the agriculture sector, you can go directly to the 10 Best Agriculture Stocks to Invest In.

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

Number of Hedge Fund Holders: 34

Archer-Daniels-Midland Company (NYSE: ADM) is a company involved in the procurement, transport, storing, processing, and merchandising of agricultural commodities, products, and ingredients in the US and internationally. It ranks 5th on our list of the best agriculture stocks to invest in.

This May, Barclays raised its price target on Archer-Daniels-Midland Company (NYSE: ADM) from $60 to $75, keeping an Overweight rating on the shares. Analyst Benjamin Theuer commented that the price target growth came in light of changes within the structure of the Chinese pork industry, foreseeable growth because of green diesel, and an adjusted operating profit of $1 billion from Nutrition drives.

In the first quarter of 2021, Archer-Daniels-Midland Company (NYSE: ADM) had an EPS of $1.39, beating estimates by $0.33. The company’s revenue was $18.89 billion, up 26.21% year over year and beating estimates by $2.67 billion. Archer-Daniels-Midland Company (NYSE: ADM) has gained 15.63% in the past 6 months and 20.03% year to date.

As of the end of the first quarter of 2021, 34 hedge funds out of the 866 tracked by Insider Monkey held stakes in Archer-Daniels-Midland Company (NYSE: ADM) worth roughly $696 million. This is compared to 35 hedge funds in the previous quarter with a stake value of about $703 million.

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