Bunge Ltd. (NYSE: BG)

Bunge Ltd. (NYSE: BG) is an agribusiness and food company that provides grains and oilseeds to food processors as well as crop transportation services.

Bunge announced in mid-May that its board of directors approved a quarterly cash dividend of approximately $0.63 on its common stock, reflecting a 19% increase. 

Credit Suisse analyst Robert Moskow on April 28 raised the price target on Bunge Limited (NYSE:BG) to $140 from $120 after “strong” Q1 results. The analyst reiterated an Outperform rating on the shares.

Here is what Old West Investment Management has to say about Bunge Limited (NYSE:BG) in its Q1 2022 investor letter:

“Bunge is one of the biggest agribusinesses and food companies in the world. There are four worldwide companies that dominate the sector, the others being Archer-Daniels-Midland Cargill, and Dreyfuss. One of our favorite ways to screen for new ideas is following insider buying. When I saw the Form 4 filed by new Bunge CEO Greg Heckman, his purchase of $9 million of BG stock intrigued me. My initial thought was the company gave him the stock as a signing bonus. I contacted BG Investor Relations and asked whether it was a signing bonus or did Heckman actually write a check for $9 million. IR assured me it was his own hard-earned money that he invested in the company he was about to run.