14 Best Farmland and Agriculture Stocks Buy Now

7. Bunge Global SA (NYSE:BG)

Number of Hedge Fund Holders: 38

Bunge Global SA (NYSE:BG) is a global agribusiness and food company. Its product offerings include canned and frozen vegetables, spices, vegetable oils, wine vinegar, fruit spreads, canned meats and beans, and other items. It sells its products through the brands Mrs. Dash, Ortega, Back to Nature, Bear Creek, Green Giant, and Cream of Wheat.

On March 25, the company announced an agreement to sell its European margarine and spreads business to Vandemoortele. The agreement is expected to cover Bunge Global SA’s (NYSE:BG) margarines and spreads business in Germany, Finland, Poland, and Hungary, along with its spreads and margarine manufacturing sites and a portfolio of 20 consumer brands.

Bunge Global SA (NYSE:BG) also plans to improve productivity in its investments and operations while returning considerable capital to shareholders. It repurchased around $1.1 billion of shares in 2024, and share buybacks continue to be a notable part of the company’s capital allocation strategy.

On February 11, Bank of America Securities analyst Salvator Tiano reiterated a Buy rating on Bunge Global SA (NYSE:BG) and set a price target of $87.00. Its median price target of $73.20 implies an upside of 18.85% from current levels. The company takes seventh place on our list of the top farmland and agriculture stocks to invest in according to hedge funds.