5 Best Agriculture Stocks to Buy Now

In this article, we will be looking at the 5 best agriculture stocks to buy now. If you want to read our detailed analysis of the agriculture sector, you can go directly to see the 14 Best Agriculture Stocks to Buy Now.

5. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 48

Bunge Limited (NYSE:BG) is a food and agricultural company. Agribusiness, refined and speciality oils, milling, and sugar and bioenergy are the company’s four business segments. There are over 69 refining and packaging facilities in its Refined and Specialty Oils business, over 23 in its Milling segment, and over 11 in its Sugar and Bioenergy segment.

On October 24, BofA analyst Steve Byrne maintained a ‘Buy’ rating and trimmed his price objective on Bunge Limited (NYSE:BG) to $130 from $138. Byrne remarked that despite the extremely tight crop supply/demand balance in the United States and abroad, the agricultural cycle forecast remained relatively optimistic. He regarded this tightness as favourable for Archer and Bunge Limited (NYSE:BG).

Jack Woodruff’s Candlestick Capital Management is Bunge Limited (NYSE:BG)’s largest investor through a $94.96 million stake. At the end of the third quarter of 2022, 48 hedge funds in the database of Insider Monkey held stakes worth $763.10 million in Bunge Limited (NYSE:BG).

Old West Investment Management mentioned Bunge Limited (NYSE:BG) in its Q1 2022 investor letter. Here is what the firm has to say:

“Bunge (pronounced BUN-GEE) Ltd (NYSE:BG) is one of the biggest agribusinesses and food companies in the world. There are four worldwide companies that dominate the sector, the others being Archer-Daniels-Midland Cargill, and Dreyfuss. One of our favorite ways to screen for new ideas is following insider buying. When I saw the Form 4 filed by new Bunge CEO Greg Heckman, his purchase of $9 million of BG stock intrigued me. My initial thought was the company gave him the stock as a signing bonus. I contacted BG Investor Relations and asked whether it was a signing bonus or did Heckman actually write a check for $9 million. IR assured me it was his own hard-earned money that he invested in the company he was about to run.…” (Click here to see the full text)