5 Best Farmland and Agriculture Stocks To Buy According to Hedge Funds

In this article, we discuss the 5 best farmland and agriculture stocks to buy according to hedge funds. To read the detailed analysis of the farmland and agriculture industry, go directly to the 12 Best Farmland and Agriculture Stocks To Buy According to Hedge Funds.

5. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 39

Nutrien Ltd. (NYSE:NTR) is a Canadian company that provides crop inputs and related services. Through its Nutrien Ag Solutions, the company offers various agricultural solutions, including crop protection products, nutrients, and more. As of March 21, the company has a market cap of $26.518 billion.

Nutrien Ltd. (NYSE:NTR) is among the best farmland and agriculture stocks to buy, as the company announced an increase in its quarterly dividend of 1.9% to $0.54 per share on February 21. The dividend is payable by April 11 to the shareholders of record on March 28. As of March 21, the stock’s dividend yield is 4.03%.

According to Insider Monkey’s database, which tracks 933 elite hedge funds, 39 institutional investors held positions in Nutrien Ltd.’s (NYSE:NTR) stock in the fourth quarter of 2023 with positions worth $483.969 million. As of December 31, 2023, Jean-Marie Eveillard’s First Eagle Investment Management has a position worth $536.312 million in the stock and is the biggest shareholder in the company.

On February 21, Nutrien Ltd. (NYSE:NTR) reported earnings for the fiscal fourth quarter of 2023. The company reported non-GAAP earnings per share of $0.37. In the quarter, the revenue amounted to $5.66 billion and outperformed the estimates by $460 million.