5 Agricultural Chemicals Stocks to Own Right Now

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1. Monsanto Company (NYSE:MON)

Investors with Long Positions (as of June 30): 64

Aggregate Value of Investors’ Holdings (as of June 30): $3.54 Billion

Indisputably, Monsanto Company (NYSE:MON) is the most popular agrochemicals stock among the hedge funds observed by the Insider Monkey team. The number of top money managers that were long on the stock at the end of the second quarter stood at 64, up by ten compared to the previous quarter. By the same token, the value of their investments in Monsanto’s stock spiked $595.10 million during the June quarter. The shares of company have had a rough year so far and it seems that the downfall is not likely to stop (i.e. the stock has lost nearly 30% year-to-date). Just a few days ago, Monsanto’s officials revealed new plans of repositioning the company as a data provider for the agricultural industry, in addition to its chemicals, seeds and genetic operations. Specifically, the company intends to offer services, software and hardware tools in order to assist farmers in enhancing crop production, according to Reuters. Larry Robbins’ Glenview Capital owns 11.07 shares of Monsanto Company (NYSE:MON) according to its latest 13F filing.

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