5 Best Sugar Stocks to Buy Now

In this article, we shall discuss the 5 best sugar stocks to buy now. To read our detailed analysis of the global agribusiness sector and the sugar industry, go directly and see 11 Best Sugar Stocks to Buy Now.

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

Hedge Fund Holdings: 37

Based in Chicago, Illinois, Archer-Daniels-Midland Company (NYSE:ADM) is an American multinational food processing and commodities trading corporation. The company operates more than 270 plants and 420 crop procurement facilities globally, where cereal grains, sugar, and oilseeds are processed into food, beverage, and animal feed.

On December 13, UBS analyst Manav Gupta initiated coverage of Archer-Daniels-Midland Company (NYSE:ADM) with a Buy rating and a $115 price target. According to the analyst, the company is projected to deliver earnings of $7.75 per share by 2026, factoring in productivity and innovation initiatives, even in a normalized margin environment. Gupta estimates earnings bottoming at $6.07 per share, which the analyst says is substantially above current normalized earnings levels of $4.50 per share.

Here is what Diamond Hill Capital had to say about Archer-Daniels-Midland Company (NYSE:ADM) in their Q1 2022 investor letter:

“ADM (NYSE: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 (NYSE:ADM) is positioned well to benefit from the volatility due to its stable North American agricultural base.”