12 Best Pizza Stocks to Buy According to Hedge Funds

4. Bunge Global SA (NYSE:BG)

Hedge Fund Holders: 33

Bunge Global SA (NYSE:BG) is a global agribusiness and food company. Its Milling segment operates businesses that sell wheat flour, bakery mixes, and corn-based products. Through its Refined and Specialty Oils segment, Bunge Global SA (NYSE:BG) sells vegetable oils and fats, including cooking oil, specialty ingredients, and more.

The company announced the wrapping of its deal to acquire Viterra, which would develop the company into an agribusiness giant. Apart from progressing on this transaction, the company also completed other strategic priorities in fiscal Q3 2024, such as closing the sale of its interest in its non-core sugar and bio-energy joint venture in Brazil to its partner, BP.

Year to date, the company generated around $1.3 billion of adjusted funds from operations. After allocating $295 million to sustaining capex, which includes maintenance and environmental health and safety, it had around $988 million of discretionary cash flow available. Bunge Global SA (NYSE:BG) used this money to pay dividends and invest in its growth and productivity-related capex, most of which relate to its significant multi-year greenfield investments. It also repurchased around $600 million of Bunge shares.

Bunge Global SA (NYSE:BG) thus has a strong operating model in place, and is spending significant capital to improve its facilities and operations across its global footprint. It ranks fourth on our list of the 12 best pizza stocks to buy according to hedge funds.