5 Best Agriculture Stocks to Invest In

2. Bunge Limited (NYSE: BG)

Number of Hedge Fund Holders: 44

Bunge Limited (NYSE: BG) is an agribusiness and food company operating globally to provide agricultural commodities like oilseeds, products from animal feed manufacturers and livestock producers, and other related items. It ranks 2nd on our list of the best agriculture stocks to invest in.

This May, Barclays raised its price target on Bunge Limited (NYSE: BG) from $85 to $100, reiterating the firm’s Overweight rating on the company’s shares. Analyst Benjamin Theurer has commented that the continued positive outlook for Bunge Limited (NYSE: BG) comes from robust demand for grain products worldwide, alongside growing demand for green diesel, both of which the company provides.

In the first quarter of 2021, Bunge Limited (NYSE: BG) had an EPS of $3.13, beating estimates by $1.59, and the company’s revenue was $12.96 billion, up 41.3% year over year and beating estimates by $2.68 billion. The stock has gained 8.75% in the past 6 months and 16.56% year to date.

As of the end of the first quarter of 2021, 44 hedge funds out of the 866 tracked by Insider Monkey held stakes in Bunge Limited (NYSE: BG) worth roughly $653 million. This is compared to 51 hedge funds in the previous quarter with a stake value of about $936 million.