10 Cash-Rich Mid Cap Stocks To Buy Now

2. Bunge Global SA (NYSE:BG)

Number of Hedge Fund Holders: 38

Cash and Cash Equivalents as of December 31, 2024: $3,795,000,000

Bunge Global SA (NYSE:BG), an American multinational agribusiness and food company, ranks 2nd on our list of the best cash rich stocks. On January 15, 2025, Canada gave conditional approval to Bunge’s $34 billion merger with Viterra, clearing one of the last major hurdles for the massive agriculture deal. To move forward, Bunge is required to sell six grain elevators in Western Canada and commit to investing at least C$520 million in the country over the next five years. This merger creates a global agricultural giant, boosting Bunge Global SA (NYSE:BG)’s biofuels market position but reducing competition for farmers.

The company generated $1.7 billion in adjusted funds from operations in 2024. After spending $451 million on maintenance and safety, the company had $1.2 billion left in discretionary cash flow. Bunge Global SA (NYSE:BG) used this money to distribute $378 million in dividends, invest $925 million in growth projects, and buy back $1.1 billion in shares, $500 million of which came from selling its Sugar JV. This led to a $444 million reduction in retained cash flow. The company expects an adjusted EPS of about $7.75 for 2025, not factoring in pending acquisitions.

Among the hedge funds tracked by Insider Monkey, 38 funds were bullish on Bunge Global SA (NYSE:BG) during Q4 2024, compared to 33 funds in the last quarter.