Agriculture Stocks List: 5 Biggest Agriculture Stocks

In this article, we discuss the 5 biggest agriculture stocks. If you want to read about some more agriculture stocks, go directly to Agriculture Stocks List: 25 Biggest Agriculture Stocks.

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

Number of Hedge Fund Holders: 37    

Archer-Daniels-Midland Company (NYSE:ADM) procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use in food, beverages, feed, energy, and industrial applications, and ingredients and solutions for human and animal nutrition. The company recognized revenue from transportation service contracts of $227 million and $611 million for the three and nine months ended September 30, 2022, respectively, compared to $153 million and $408 million for the three and nine months ended September 30, 2021, respectively.

On December 14, UBS analyst Manav Gupta initiated coverage of Archer-Daniels-Midland Company (NYSE:ADM) stock with a Buy rating and $115 price target, backing the company to deliver earnings of $7.75 per share by 2026 when factoring in productivity and innovation initiatives.  

Among the hedge funds being tracked by Insider Monkey, Glen Allen-based investment firm Markel Gayner Asset Management is a leading shareholder in Archer-Daniels-Midland Company (NYSE:ADM) with 1.5 million shares worth more than $117.7 million. 

In its Q1 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and Archer-Daniels-Midland Company (NYSE:ADM) was one of them. Here is what the fund said:

“Archer-Daniels-Midland Company (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 is positioned well to benefit from the volatility due to its stable North American agricultural base.”