5 Undervalued Stocks to Buy Today

4. Bunge Limited (NYSE:BG)

Number of Hedge Fund Holders: 40  

PE Ratio: 6.06 

Bunge Limited (NYSE:BG) is an agricultural products and food firm. It has strong fundamentals, recently smashing analyst expectations on earnings per share and revenue. It also declared a quarterly dividend of $0.525 per share, in line with previous. The forward yield was 2.27%. The firm is investing in renewables as well. In September, it had announced that it was pursuing a joint venture with energy giant Chevron for the development of low carbon intensity feedstocks. 

BMO Capital analyst Kenneth Zaslow recently raised the price target on Bunge Limited (NYSE:BG) stock to $108 from $98 and kept an Outperform rating on the shares, highlighting surging margins and higher demand as some of the growth catalysts for the company in 2022. 

At the end of the second quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth $399 million in Bunge Limited (NYSE:BG), down from 44 in the preceding quarter worth $653 million.