5 Best Pizza Stocks To Buy Now

2. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 37

Bunge Limited (NYSE:BG) is an agribusiness and food company that operates through four segments – Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Milling segment of the company offers wheat flours and bakery mixes, masa and flours, corn-soy blends, whole grain and fiber ingredients, die-cut pellets, and non-GMO products. Bunge Limited (NYSE:BG) is one of the best pizza stocks to invest in. On May 11, the company declared a $0.6625 per share quarterly dividend, a 6% increase from its prior dividend of $0.6250. The dividend is payable on September 1, to shareholders of record on August 18. 

According to Insider Monkey’s first quarter database, 37 hedge funds were bullish on Bunge Limited (NYSE:BG), compared to 50 funds in the earlier quarter. Anand Parekh’s Alyeska Investment Group is the largest stakeholder of the company, with 834,866 shares worth approximately $80 million. 

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

“Bunge (pronounced BUN-GEE) Ltd (NYSE:BG) 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.

Heckman was a long time executive at Conagra Foods who obviously sensed opportunity at BG. One of his first moves as CEO was to move the company’s HQ from New York to St. Louis, right in the middle of America’s breadbasket. BG had been plagued for years with poor decisions by underperforming management. Heckman’s decision to move to St. Louis was indicative of a no-nonsense style and he would commence cutting expenses and selling non-core assets…” (Click here to see the full text)