#2 – Vina Concha y Toro
Vina Concha y Toro (NYSE: VCO) is a Chilean wine maker popular in the United States with its low-cost Frontera wines, although the company is much bigger than just that. The entry strategy has worked in the U.S. market, and I think management will head up-market soon with some of the company’s higher-end wines.
Within Chile, Concha owns vineyards located in Chile’s nine principal wine-growing regions. Concha also owns a winery and vineyards in Mendoza, Argentina, a region that is also famous for its wines. The shares trade at 18 times earnings with sales growing at 11% with very little debt. This is an agricultural stock of sorts that is also a hedge against rising inflation.