5 Best Agriculture Stocks to Buy Now

4. Corteva, Inc. (NYSE:CTVA)

Number of Hedge Fund Holders: 50

Corteva, Inc. (NYSE:CTVA) is a holding corporation that specializes in agricultural goods. It operates in two segments: seed and crop protection. The company stands fourth on the list of 14 best agriculture stocks to buy now.

On November 17, Benjamin Theurer, an analyst at Barclays, raised his price objective on Corteva, Inc. (NYSE:CTVA) from $71 to $75 and reiterated an ‘Overweight’ rating for the company since he was confident about the overall agriculture sector.

Among the hedge funds tracked by Insider Monkey, 50 funds were long Corteva, Inc. (NYSE:CTVA) at the end of Q3 2022, compared to 42 funds in the earlier quarter. In addition, Israel Englander’s Millennium Management held a notable stake in Corteva, Inc. (NYSE:CTVA), comprising 2.60 million shares worth $148.71 million.

Here is what Aristotle Capital Management specifically said about Corteva, Inc. (NYSE:CTVA) in its Q1 2022 investor letter:

“Corteva Agriscience, one of the world’s largest seed and crop protection companies, was a primary contributor for the quarter. Due to its respected brand and the value-added benefits of its patented seeds and crop protection solutions for farmers, Corteva has been able to more than offset input cost inflation with sustainable price increases. In addition, the company’s ongoing mix shift to higher-margin, premium products, a catalyst we previously identified, is aiding both sales and profit growth. Shares were likely also buoyed by the rise in crop prices. Market participants, perhaps eager to chase short-term trends, poured into the sector. At Aristotle Capital, we look past such gyrations and, as long-term investors, do not attempt to predict short-term changes in commodity prices. We remain excited about what we view to be high-quality characteristics and fundamental improvements that permeate Corteva’s business, not the least of which include its pricing power.”