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Jolly Green Giants: The 7 Best ESG Stocks to Buy Now
Investor Place· 2024-06-13 16:18
Plus, multiple organizations have started to call attention to the top performers in the ESG circuit. Earning these awards can lead to additional eyeballs. With that in mind, below are potentially the best ESG stocks to buy. Tech giant Microsoft (NASDAQ:MSFT) is no stranger to innovation and overall business prowess. However, it would be remiss to have a discussion of the best ESG stocks to buy and not include MSFT. According to Investor's Business Daily, the software (and hardware) juggernaut took the top ...
Deep Discounts And Powerful Tailwinds: 3 Deeply Undervalued Dividend Stocks To Buy Now
seekingalpha.com· 2024-05-29 11:30
11 GeorgePeters Introduction The other day, I read a very interesting article in The Wall Street Journal about a very small pension fund that outperformed the "big guys" over the past three years by making just a few minor changes. How an Ex-Teacher Turned a Tiny The Wall Street Journal When I read the title, I had to dig deeper. After all, who doesn't like a good David versus Goliath story? Essentially, a $1.4 billion pension fund managed by Peter Manning, a 65-year-old former schoolteacher, has achieved c ...
Growing More with Less: IMF Highlights Efficiency in Agriculture with Agritech Advances
Prnewswire· 2024-05-17 16:37
USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, May 17, 2024 /PRNewswire/ -- USA News Group – Food production is rapidly evolving. The International Monetary Fund (IMF) underscores the urgent need to "grow more with less," emphasizing efficiency in agriculture. Artificial intelligence (AI) is revolutionizing the sector by developing new crop varieties, providing vital soil data, and utilizing precision drones for fertilizers and pesticides. To meet ...
Bunge: Consolidation Could Be A Buying Opportunity
seekingalpha.com· 2024-05-16 18:05
jetcityimage Bunge Global SA (NYSE:BG) is a worldwide agribusiness and food company. BG is one of the ABCD companies that feed and increasingly power the world. Archer- Daniels-Midland (ADM) and Bunge (BG) are publicly traded agricultural giants, while Cargill and Louis Dreyfus are privately held. BG's company profile states: | Sector | Consumer Staples | | Address | 1391 Timberlake Manor Parkway | | --- | --- | --- | --- | --- | | | | | | Chesterfield, MO. 63017 | | Industry | Agricultural Products & Servi ...
Bunge SA(BG) - 2024 Q1 - Quarterly Report
2024-04-24 20:35
Financial Performance - For the three months ended March 31, 2024, net income attributable to Bunge was $244 million, a decrease of $388 million compared to $632 million for the same period in 2023[351]. - Total Segment EBIT for the three months ended March 31, 2024, was $433 million, a decrease of $453 million compared to $886 million for the same period in 2023[382]. - Net sales in the Processing segment decreased by 12% due to lower average sales prices across all regions for soybean oilseed processing businesses[355]. - Refined and Specialty Oils segment net sales decreased 17% to $3,240 million for the three months ended March 31, 2024, primarily due to lower sales prices driven by price stabilization and increased supply[388]. - The company reported a decrease in cost of goods sold by 8% to $9,286 million for the three months ended March 31, 2024[356]. - Cost of goods sold in the Processing segment decreased by 7% due to lower net sales, partially offset by unfavorable mark-to-market results[411]. Balance Sheet and Working Capital - Working capital as of March 31, 2024, was $8,311 million, a decrease of $321 million from $8,632 million at March 31, 2023, primarily due to lower trade accounts receivables and inventories[352]. - Total debt increased to $5,095 million as of March 31, 2024, compared to $4,882 million at December 31, 2023[358]. - As of March 31, 2024, total debt was $5,095 million, an increase of $213 million from $4,882 million at December 31, 2023, but a decrease of $625 million from $5,720 million at March 31, 2023[426]. - Other current liabilities decreased to $2,595 million at March 31, 2024, down $318 million from $2,913 million at December 31, 2023[397]. - Trade accounts receivable decreased to $2,285 million at March 31, 2024, down $307 million from $2,592 million at December 31, 2023, and down $504 million from $2,789 million at March 31, 2023[422]. - Short-term debt increased to $1,016 million at March 31, 2024, up $214 million from $802 million at December 31, 2023[423]. - Total equity decreased to $11,528 million at March 31, 2024, down from $11,814 million at December 31, 2023[404]. Cash Flow and Investments - Cash and cash equivalents increased to $2,939 million at March 31, 2024, up $337 million from $2,602 million at December 31, 2023, but down $113 million from $3,052 million at March 31, 2023[421]. - Cash used for investing activities was $396 million for the three months ended March 31, 2024, a decrease of $441 million compared to cash provided by investing activities of $45 million for the same period in 2023[406]. Foreign Exchange and Financial Compliance - Foreign exchange losses for the three months ended March 31, 2024, amounted to a net loss of $62 million, reflecting a significant impact from a stronger U.S. dollar[386]. - The decrease in working capital compared to December 31, 2023, was primarily due to higher trade accounts payable and short-term debt balances[352]. - The company was in compliance with specified financial covenants as of March 31, 2024, including minimum current ratio and maximum debt to capitalization ratio[403]. Financing and Credit Ratings - The company secured a total of $8.0 billion in Acquisition Financing to fund the cash portion of the Transaction Consideration and repay certain indebtedness of Viterra[428]. - The company’s credit ratings were reviewed by all three major agencies, with Standard and Poor's upgrading the rating to BBB+ and placing it on a positive outlook for an upgrade to A-[429].
Bunge SA(BG) - 2024 Q1 - Earnings Call Presentation
2024-04-24 12:01
_ .. | --- | --- | --- | --- | |------------------|-------|-------|-------| | | | | | | Q1 2024 Earnings | | | | | Results Review | | | | | April 24, 2024 | | | | 2 • Today's presentation includes forward-looking statements that reflect Bunge's current views with respect to future events, financial performance and industry conditions. 2 Forward-Looking Statements • These forward-looking statements are subject to various risks and uncertainties. Bunge has provided additional information in its reports on fil ...
Bunge SA(BG) - 2024 Q1 - Quarterly Results
2024-04-24 10:39
| --- | --- | --- | --- | |---------------------------------------|-------|-------------------------------------|--------------------| | (US$ in millions) | Mar | Three Months \n31, 2024 Mar | Ended \n31, 2023 | | Merchandising EBIT | $ | 98 $ | 68 | | Mark-to-market timing differences | | (22) | 40 | | Certain (gains) & charges | | — | — | | Adjusted Merchandising EBIT | $ | 76 $ | 108 | Refined & Specialty Oils Summary | --- | --- | --- | --- | --- | |------------------------------------------------------ ...
Five Stocks Thrive As The Rest Of The Market Dives
It's been a rough month for most S&P 500 stocks. But some are absolutely thriving.X Five stocks, including Newmont (NEM), Freeport-McMoRan (FCX) and United Airlines (UAL), are up more than 7% since the S&P 500 peaked this year on March 27, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. The S&P 500 itself is down 5.6% in that time.Investors worry disappointing earnings this week from tech giants might intensify the selling. "Any disappointment from the ...
FSTA: Consumer Staples Sector Dashboard For March
Seeking Alpha· 2024-03-15 10:57
Hispanolistic This monthly article series shows a dashboard with aggregate industry metrics in the consumer staples sector. It is also a review of sector ETFs like the Consumer Staples Select Sector SPDR ETF (XLP) and the Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA), whose largest holdings are used to calculate these metrics. Shortcut The next two paragraphs in italic describe the dashboard methodology. They are necessary for new readers to understand the metrics. If you are used to this series ...
Bunge Global SA: Held Down By ABCD Issues, Buying The Dip
Seeking Alpha· 2024-03-07 18:09
ArtistGNDphotography The ABCD group of agricultural leaders includes publicly traded Archer-Daniels-Midland Company (ADM), Bunge Global SA (NYSE:BG), and privately held Cargill and Louis Dreyfus. The four companies are the 800-pound gorillas in worldwide agricultural commodity production, processing, and related businesses. Agricultural commodities took off on the upside, reaching highs in early 2022 when Russia invaded Ukraine, turning Europe’s breadbasket into a war zone. Supply and price fears caused ...