Here is What Makes ADM a Nice Funding Decide

Diamond Hill Capital, an funding administration agency, revealed its “Diamond Hill Lengthy-Brief Fund” first-quarter 2022 investor letter – a replica of which could be downloaded right here. The Diamond Hill Lengthy-Brief Fund’s returns had been nearly flat—barely constructive— in Q1. After a powerful rebound in 2021, the fund expects the worldwide GDP progress to average in 2022. Attempt to take a while trying on the fund’s high 5 holdings to learn about their greatest picks for 2022.

In its Q1 2022 investor letter, Diamond Hill Lengthy-Brief Fund talked about Archer-Daniels-Midland Firm (NYSE:ADM) and defined its insights for the corporate. Based in 1902, Archer-Daniels-Midland Firm (NYSE:ADM) is a Chicago, Illinois-based meals processing firm with a $40.3 billion market capitalization. Archer-Daniels-Midland Firm (NYSE:ADM) delivered a 6.08% return because the starting of the yr, whereas its 12-month returns are up by 23.17%. The inventory closed at $71.70 per share on July 14, 2022.

Here’s what Diamond Hill Lengthy-Brief Fund has to say about Archer-Daniels-Midland Firm (NYSE:ADM) in its Q1 2022 investor letter:

ADM is a number one agricultural processor that additionally operates a world diet enterprise targeted on the event of elements and flavors for meals and drinks, dietary supplements and extra. The corporate’s latest working outcomes have benefited (sadly) from the warfare in Ukraine as grain costs and agricultural markets globally skilled sturdy worth will increase. ADM is positioned properly to learn from the volatility because of its secure North American agricultural base.”

Monika Wisniewska/

Our calculations present that Archer-Daniels-Midland Firm (NYSE:ADM) fell quick and did not make it on our listing of the 30 Most Well-liked Shares Amongst Hedge Funds. Archer-Daniels-Midland Firm (NYSE:ADM) was in 42 hedge fund portfolios on the finish of the primary quarter of 2022, in comparison with 41 funds within the earlier quarter. Archer-Daniels-Midland Firm (NYSE:ADM) delivered a -26.01% return prior to now 3 months.

In July 2022, we additionally shared one other hedge fund’s views on Archer-Daniels-Midland Firm (NYSE:ADM) in 10 Greatest Shares to Purchase Amid Inflation in 2022 and Past. You could find different investor letters from hedge funds and outstanding buyers on our hedge fund investor letters 2022 Q1 pages.

Disclosure: None. This text is initially revealed at Insider Monkey.