Would you like to know more about the top agriculture stocks to buy now? Great! We are here to learn more about this topic, based on Insider Monkey’s latest article. I think everyone agrees when I say agriculture is among the oldest activities in the human history, that has a really long-standing tradition. By now, it has emerged with lots of other industries, such as farming technologies, developing fertilizers, pesticides, agriculture automation, and so on. Therefore it’s really worth to take a look at the agriculture stocks.
And now, let’s see what you are here for – we have picked two stocks agriculture stocks from Insider Monkey’s list. At first, on the fourth spot, here’s Corteva Inc (NYSE:CTVA). Corteva is a seed and agricutlural company, and it was a part of DuPont de Nemours Inc earlier, becoming an independent company only in 2019. There were 36 funds disclosed long position at the end of the third quarter of 2020, down by three over the quarter. The total value of these hedge funds rose from $775.39 million to $1.06 billion. The main reason of this increase was that Jeffrey Smith’s Starboard Value added Corteva to its portfolio during the third quarter. In its latest 13F, Starboard disclosed ownership of 11.71 million shares of the company worth $337.38 million. Corteva’s other top shareholders are John Petry’s Sessa Capital, Brandon Haley’s Holocene Advisors, Ricky Sandler’s Eminence Capital, and Larry Robbins’ Glenview Capital. Corteva is followed by Bunge Ltd (NYSE:BG) on the second spot of the list. Bunge operates in a diversified agribusiness, including acquisition, storing, transportation, sale, and processing of grains and oilseeds. Furthermore it produces ethanol ans sells fertilizers. About a month ago, Bunge announced to sell its refinery in Rotterdam to Neste Corporation for 285 million euro ($345.5 million) in cash. The deal will be probably closed in the first or second quarter of 2021. Its stock has had an increase of 7% since the beginning of 2020. There are 41 funds holding long positions based on the latest round of 13F filings. The top shareholder is Louis Bacon’s Moore Global Investments with a $133.32 million stake. He is followed by Phill Gross and Robert Atchinson’s Adage Capital Management with a $132.46 million position. If you are interested in the entire list and more stocks, please jump to the top agriculture stocks to buy now.
