5 Best Farmland and Agriculture Stocks to Buy Today

In this article, we will look at the 5 best farmland and agriculture stocks to buy today. If you want to explore similar stocks and get additional further background on the agriculture industry, you can also read the 10 Best Farmland and Agriculture Stocks to Buy Today.

5. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 48

Nutrien Ltd. (NYSE:NTR) provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia. As of August 22, Nutrien Ltd. (NYSE:NTR) has gained 49.59% over the past 12 months.

On August 4, Nutrien Ltd. (NYSE:NTR) declared a quarterly cash dividend of $0.48 per share. The dividend is payable on October 14, to investors of record at the close of business on September 30. As of August 22, Nutrien Ltd. (NYSE:NTR) is trading at a PE ratio of 7.29x and its shares offer a forward dividend yield of 2.13%, which the company supports with free cash flow of $2.70 billion.

On August 9, Scotiabank analyst Ben Isaacson upgraded Nutrien Ltd. (NYSE:NTR) to ‘Outperform’ from ‘Sector Perform’ and revised his price target to $110 from $118. On August 10, Barclays analyst Benjamin Theurer revised his price target on Nutrien Ltd. (NYSE:NTR) to $105 from $126 and reiterated an ‘Overweight’ rating on the shares. The analyst maintained his confidence in the company’s retail business and noted that it delivered strong performance and customer retention in the first-half of 2022.

At the close of Q2 2022, 48 hedge funds were long Nutrien Ltd. (NYSE:NTR) with stakes worth $1.06 billion. Of those, First Eagle Investment Management was the most prominent shareholder with a stake worth $668 million.