Value Hedge Funds are Winning in 2022 Thanks to These 5 Stocks

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

Number of Hedge Fund Holders: 42 

PE Ratio: 15.17  

YTD Increase in Share Price as of June 16: 16.87%

Archer-Daniels-Midland Company (NYSE:ADM) makes and sells agricultural commodities and related products. The stock has climbed in the past few days after US President Joe Biden announced a new  $700 million aid program for biofuel producers that is set to benefit Archer-Daniels. Under the program, the company is set to receive around $50 million from the government to cover losses at 45 facilities across the country. 

On April 27, Baird analyst Ben Kallo maintained an Outperform rating on Archer-Daniels-Midland Company (NYSE:ADM) stock and raised the price target to $108 from $73, noting the firm was benefiting from dislocation across the agriculture supply chain. 

At the end of the first quarter of 2022, 42 hedge funds in the database of Insider Monkey held stakes worth $625 million in Archer-Daniels-Midland Company (NYSE:ADM), compared to 41 in the preceding quarter worth $481 million.