Top 5 Agriculture Stocks to Buy According to Billionaire Mario Gabelli

In this article, we will look at the top 5 agriculture stocks to buy according to billionaire Mario Gabelli. If you want to read about Mario Gabelli’s investment philosophy and why he likes the agriculture industry in the current environment, you can go to Top 10 Agriculture Stocks to Buy According to Billionaire Mario Gabelli.

5. Tractor Supply Company (NASDAQ:TSCO)

GAMCO Investors’ Stake Value: $13,027,000 

Percentage of GAMCO Investors’ 13F Portfolio: 0.14%

Number of Hedge Fund Holders: 41

Tractor Supply Company (NASDAQ:TSCO) is a leading retailer of products for home improvement, agriculture, lawn & garden maintenance, livestock, equine, and pet care markets. The company primarily sells its products to recreational farmers and ranchers. As of June 30, GAMCO Investors’ stake in Tractor Supply Company (NASDAQ:TSCO) is valued at $13 million, which accounts for 0.14% of its 13F portfolio.

On August 23, Tractor Supply Company (NASDAQ:TSCO) announced that it has begun the construction of a 1.2-million-square-foot distribution center, which is expected to open in the back half of 2023 and provide services for more than 300 Tractor Supply stores.

On July 27, MKM Partners analyst David Bellinger initiated coverage of Tractor Supply Company (NASDAQ:TSCO) with a Buy rating and a $230 price target. On August 19, Oppenheimer analyst Brian Nagel reiterated his $270 price target and buy-side Outperform rating on Tractor Supply Company (NASDAQ:TSCO).

At the end of Q2 2022, 41 hedge funds held stakes in Tractor Supply Company (NASDAQ:TSCO). The total value of these stakes amounted to $1.27 billion, up from $1.01 billion in the previous quarter with 43 positions.