5 Best Agriculture Technology Stocks To Buy Now

1. Zoetis Inc (ZTS)

No of HFs: 58

Dollar Value of Hedge Fund Holdings: $2.25 billion

ZTS ranks #1 in our list of the best agriculture technology stocks to buy. Zoetis is the world’s largest medicine and vaccine producer for animals and livestock. It was spun out of Pfizer and today its market cap is nearly 40% of Pfizer’s market cap. As consumers spend more and more money on their pets ZTS shareholders will benefit. We also know that global meat consumption has been increasing secularly and dramatically ((more than 400%) over the past 50 years. Rising incomes and growing populations in poorer parts of the world will continue to support this trend and ZTS will definitely continue to benefit from this.

According to Insider Monkey’s hedge fund database, William von Mueffling’s Cantillon Capital Management has the number one position in Zoetis Inc (NYSE:ZTS), worth close to $482.8 million, amounting to 4% of its total 13F portfolio. Coming in second is Marshall Wace LLP, led by Paul Marshall and Ian Wace, holding a $380.4 million position; 2.4% of its 13F portfolio is allocated to the company. Remaining professional money managers with similar optimism encompass Nicolai Tangen’s Ako Capital, Barry Dargan’s Intermede Investment Partners and Ken Griffin’s Citadel Investment Group. In terms of the portfolio weights assigned to each position Intermede Investment Partners allocated the biggest weight to Zoetis Inc (NYSE:ZTS), around 5.98% of its 13F portfolio. Bristol Gate Capital Partners is also relatively very bullish on the stock, dishing out 4.59 percent of its 13F equity portfolio to ZTS.

Please also see 10 Best Growth Stocks To Buy Now and Top 10 Largest Agricultural Companies In The World.

Follow Insider Monkey on Twitter