5 Best Plant Based Companies to Invest In

2. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 38

Bunge Limited (NYSE:BG) operates as an agribusiness and food company worldwide. The company has four primary segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. Bunge Limited (NYSE:BG) was spotted on 38 hedge fund portfolios at the close of the fourth quarter of 2021. The total stakes of these funds in the company amounted to $655.62 million, up from $538.8 million in the prior quarter with 37 positions. The hedge fund sentiment around Bunge Limited (NYSE:BG) is positive.

On February 11, 2022,  BofA analyst Steve Byrne raised his price target on Bunge Limited (NYSE:BG) to $120 from $105 and upgraded his rating to Buy from Neutral on the shares. The analyst commented that he sees Bunge Limited (NYSE:BG) being well-positioned to benefit from the global dislocation in crop supply and sees upside in the company’s processing and refined oil businesses.

This February, Bunge Limited (NYSE:BG) reported that its earnings per share for the fiscal fourth quarter of 2021 came to $3.49, beating expert EPS estimates by $0.62. The company reported quarterly revenues of $16.68 billion, up 32.30% year over year, outperforming market consensus by $1.19 billion. As of April 7, 2022, Bunge Limited (NYSE:BG) has gained 37.79% over the past six months and is worth $16.62 billion on the open market.

As of March 21, 2022, Candlestick Capital Management is the dominating shareholder in Bunge Limited (NYSE:BG), owning more than 1 million shares of the stock. The fund’s stakes in the company were valued at $95.64 million, which covers 1.41% of its Q4 2021 investment portfolio.