5 Best Consumer Staple Stocks

In this article, we discuss the 5 best consumer staples stocks. To read the market analysis of consumer staple stocks, go directly to the 12 Best Consumer Staple Stocks.

5. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 48

Bunge Limited (NYSE:BG) is an American food processing and agribusiness company that operates in 40 countries. The company also has a Sugar and Bioenergy segment that generates electricity from burning sugarcane bagasse and produces sugar and ethanol.

Bunge Limited (NYSE:BG) is a decent dividend stock and has been increasing its dividends for the last two years. As of September 28, the company has a dividend yield of 3.05% with a quarterly dividend of $0.625 per share after a 10-cent increase was announced in the previous quarter. The latest quarterly dividend was declared on August 11, payable by December 2 to the shareholders of record on November 18.

On August 12, Wolfe Research analyst Sam Margolin initiated coverage of Bunge Limited (NYSE:BG) with an Outperform rating and a price target of $127. The analyst believes the company’s growth guidance has some upside in the current commodity price environment.

Here is what Old West Investment Management had 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)