5 Best Grocery Stocks to Buy

In this article we discuss the 5 best grocery stocks to buy. If you want to read our detailed analysis of the grocery retail sector, go directly to the 10 Best Grocery Stocks to Buy.

5. Bunge Limited (NYSE: BG)

Number of Hedge Fund Holders: 44

Bunge Limited (NYSE: BG) is an agribusiness and food company operating across the globe. It has five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizer, and Sugar and Bioenergy segments. It provides its products to various customers, including food manufacturers, grocery chains, wholesalers, distributors, and others. The company ranks 5th on our list of the best grocery stocks to buy.

This May, Bunge Limited (NYSE: BG) announced a dividend of $0.525 per share, bringing a 5% increase from its previous $0.5 dividend. The new dividend has a forward yield of 2.45% and will be payable by September 2nd. In the first quarter of 2021, Bunge Limited (NYSE: BG) had EPS valued at $3.13, beating estimates by $1.59, and its revenue came in at $12.96 billion, representing a 41.3% growth year over year and beating estimates by $2.68 billion. The company has a forward PE ratio of 10.2, and it has a gross profit margin of 8.32%. The stock has gained 24.34% in the past 6 months and 21.73% year to date.

By the end of the first quarter of 2021, 44 hedge fund holders held stakes in Bunge Limited (NYSE: BG), valued at roughly $653 million. This is compared to 51 hedge fund holders in the previous quarter with a total stake value of roughly $936 million.