Agriculture Stocks List: 5 Biggest Agriculture Stocks

2. Corteva, Inc. (NYSE:CTVA)

Number of Hedge Fund Holders: 50 

Corteva, Inc. (NYSE:CTVA) operates in the agriculture business. In late November, the firm announced that it would acquire biologicals firm Stoller Group for $1.2 billion in cash. The maker of agricultural chemicals expects the deal to be completed in the first half of 2023 after regulatory approvals and other customary conditions. The firm said Stoller’s results will be accretive to operating EBITDA and operating EPS for next year.

On November 17, Barclays analyst Benjamin Theurer maintained an Overweight rating on Corteva, Inc. (NYSE:CTVA) stock and raised the price target to $75 from $71, noting that fiscal year 2023 is believed to show slightly more normal levels of earnings, with results beating previous performance.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Corteva, Inc. (NYSE:CTVA) with 2.6 million shares worth more than $148.7 million. 

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Corteva, Inc. (NYSE:CTVA) was one of them. Here is what the fund said:

“Corteva, Inc. (NYSE:CTVA), 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.”