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.

The company sells soybeans, rapeseed, canola, sunflower seeds, wheat, and corn. On May 12 the company declared a quarterly dividend of $0.625 per share, a 19% increase from its prior dividend of $0.525. The dividend is payable on September 2, to shareholders of record on August 19.  Bunge Limited’s dividend yield on July 13 stood at 2.85%. 

According to Insider Monkey’s data, 55 hedge funds were long Bunge Limited (NYSE:BG) at the end of Q1 2022, up from 38 funds in the preceding quarter. Israel Englander’s Millennium Management is the leading shareholder of the company, with 1.65 million shares worth $183.6 million. 

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

“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.”