5 Vegan Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors: 12

Dollar Value of Billionaire Holdings: $433,158,136

Number of Hedge Fund Holders: 39

Archer-Daniels-Midland Company (NYSE:ADM) is a Chicago, Illinois-based food processing and commodities trading corporation. The company is involved in various aspects of the food industry, including the sourcing, processing, and distribution of agricultural commodities and ingredients.

Archer-Daniels-Midland Company (NYSE:ADM) has specialized in the field of plant-based dairy alternatives through its PurelyNature pea protein brand. The company invested $300 million to increase its production capacity to meet the growing demand for alternative proteins as it sees a $125 billion market for these products by 2030. The expansion project will be completed by 2025. Click here to read Archer-Daniels-Midland Company’s (NYSE:ADM) earnings call transcript for Q1 2023.