5 Undervalued Defensive Stocks For 2024

4. Bunge Global SA (NYSE:BG)

PE ratio as of December 22 market close: 7.87

Number of Hedge Fund Holders: 31

Bunge Global SA (NYSE:BG) is a Missouri-based company that carries out the storage, transportation, purchasing, and selling of food and ingredients, edible oils, and more.

4 Wall Street analysts covered Bunge Global SA (NYSE:BG) over the last three months, and 3 kept a Buy rating on the stock. The average price target of $137.50 had an upside of 35.28% as of the December 22 market close.

On November 1, Bunge Global SA (NYSE:BG) announced a quarterly dividend of $0.6625, payable by March 1 to the shareholders of record on February 16. As of the December 22 market close, the stock’s dividend yield was 2.618%.

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