Ninety One UK Ltd Makes New $13.81 Million Investment in Bunge Global SA $BG

Ninety One UK Ltd purchased a new position in Bunge Global SA (NYSE:BG) during the 4th quarter, HoldingsChannel reports. The firm purchased 155,024 shares of the basic materials company’s stock, valued at approximately $13,810,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Glencore plc increased its position in Bunge Global by 100.0% in the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after buying an additional 32,806,103 shares during the period. Vanguard Group Inc. increased its position in Bunge Global by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,792,204 shares of the basic materials company’s stock worth $1,364,367,000 after buying an additional 125,001 shares during the period. Capital World Investors increased its position in Bunge Global by 4.5% in the 3rd quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock worth $1,316,299,000 after buying an additional 694,709 shares during the period. State Street Corp increased its position in Bunge Global by 1.3% in the 3rd quarter. State Street Corp now owns 6,921,322 shares of the basic materials company’s stock worth $562,390,000 after buying an additional 85,873 shares during the period. Finally, Northern Trust Corp increased its position in Bunge Global by 2.9% in the 3rd quarter. Northern Trust Corp now owns 2,299,447 shares of the basic materials company’s stock worth $186,830,000 after buying an additional 65,774 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

BG opened at $119.26 on Friday. The stock has a market cap of $23.11 billion, a PE ratio of 22.00, a P/E/G ratio of 0.77 and a beta of 0.71. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $131.93. The stock’s 50 day simple moving average is $122.59 and its 200-day simple moving average is $105.65.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. The business had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.Bunge Global’s quarterly revenue was up 75.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a yield of 2.4%. Bunge Global’s payout ratio is currently 53.14%.

Analyst Ratings Changes

BG has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. BMO Capital Markets lifted their price target on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Bank of America lifted their price target on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. HSBC lifted their price target on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $132.11.

Bunge Global Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.