7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed - 1 of 7

#1 - Archer Daniels-Midland (NYSE:ADM)

The first agricultural stock to consider is Archer Daniels-Midland (NYSE:ADM). This is a large-cap, blue chip company that is central to the world’s food supply. The diversified nature of the company’s business gives it many avenues to drive revenue and earnings.

And growing revenue and earnings is the catalyst for growth-oriented investors. The company has beaten earnings expectations for the past three quarters and has beaten revenue for seven consecutive quarters. As of September 28, 2022, ADM stock was up 22.9% in 2022. This is large because the company benefits from rising commodity prices.  And with inflation likely to remain elevated for some time, the company has a long runway for further growth.

However, value investors shouldn’t ignore the dividend. As of this writing, Archer Daniels-Midland has raised its dividend for 49 consecutive years. That puts it on the cusp of being a Dividend King. This is an exclusive designation reserved for companies that have increased their dividend for over 50 years.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Read More 

Current Price

$61.43

Consensus Rating

Reduce

Ratings Breakdown

0 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.

Consensus Price Target

$67.50 (9.9% Upside)