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

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1. Deere & Company (NYSE:DE)

Number of Hedge Fund Holders: 54

Deere & Company (NYSE:DE) is a manufacturer of farm machinery and industrial equipment that serves grain growers, dairy and livestock producers, crop producers, and others. With a market cap of $110.686 billion, Deere & Company (NYSE:DE) is a known name in the agriculture industry due to its signature products like 4WD/track tractors, precision agriculture technology, and more.

Deere & Company (NYSE:DE) tops our list of the best farmland and agriculture stocks to buy according to hedge funds, as it was part of 54 funds’ portfolios in Q4 of 2023, and their stakes amounted to $4.38 billion. Of those, the Bill & Melinda Gates Foundation Trust is the top shareholder in the company and has a position worth $1.422 billion.

Wall Street is bullish on Deere & Company (NYSE:DE) as Truist analyst Jamie Cook initiated coverage of the stock with a Buy rating and a $494 price target on March 14. Over the past three months, the stock has received Buy-equivalent ratings from 11 Wall Street analysts. The average price target of $425.00 has an upside of 6.88% from the present levels as of March 21.

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