5 Best Organic Food and Farming Stocks To Buy

2. Corteva, Inc. (NYSE:CTVA)

Number of Hedge Fund Holders: 46

Corteva, Inc. (NYSE:CTVA) is an Indiana-based company that engages in distributing seed, crop protection, and digital solutions in North America, Latin America, Europe, Africa, Asia-Pacific, and the Middle East. The company’s products and solutions, like Utrisha N nutrient efficiency biostimulant, enable farmers to do organic farming.

On October 20, Oppenheimer analyst Kristen Owen upgraded Corteva, Inc. (NYSE:CTVA)’s stock to an Outperform rating with a $67 price target.

On September 13, Corteva, Inc. (NYSE:CTVA) introduced Reklemel active, a nematicide to help farmers battle against plant-parasitic nematodes that are estimated to cause damage worth $80 billion per year.

Oakmark Funds talked about Corteva, Inc. (NYSE:CTVA) in its third quarter 2023 investor letter. Here is what it said:

“Corteva, Inc. (NYSE:CTVA) is a leading provider of seed and crop protection chemicals. We believe the seed and crop protection markets have sizeable barriers to entry due to the duration and magnitude of investment required to compete. Both industries require constant innovation: Farmers expect seed yield improvement each year while nature develops immunity to crop protection chemicals over time. As a result, advantages accrue to the largest players with the most R&D resources. Within this context, we believe Corteva is very well positioned. The company has scale, well-recognized brands, a loyal customer base, and a promising R&D pipeline. In addition, we see idiosyncratic opportunities for Corteva to improve its profitability over time, and we believe the current management team is executing well against this opportunity. More recently, the stock has been pressured by near-term headwinds related to inventory destocking and declining crop prices. We see this weakness as an opportunity to invest in a high-quality and defensible business at a discount to both its own historical trading multiple and private market transactions.”