Top 5 Agriculture Stocks To Buy Now

4. Corteva Inc (NYSE:CTVA)

Next in line is Corteva Inc (NYSE:CTVA), in which also 36 funds disclosed long positions as of the end of September, down by three over the quarter. However, the total value of these funds’ holdings surged to $1.06 billion from $775.39 million a quarter earlier. The increase is mainly due to Jeffrey Smith’s Starboard Value adding 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. Other notable shareholders of Corteva include Ricky Sandler’s Eminence Capital, John Petry’s Sessa Capital, Brandon Haley’s Holocene Advisors, and Larry Robbins’ Glenview Capital.

Corteva is an agricultural and seed company that was spun off from DuPont de Nemours Inc (NYSE:DD) and became an independent public company in 2019. The company’s stock has appreciated by nearly 35% since the beginning of the year. In its latest financial report, Corteva posted an adjusted net loss of $0.39, which topped the consensus estimate by $0.03, while revenue of $2.07 billion increased by 6.7% on the year and beat the estimates by $160 million. The company also reiterated its full-year guidance that includes net revenue growth between 1% and 2% and operating EPS between $1.25 and $1.45.