Norges Bank bought a new position in shares of Bunge Global SA (NYSE:BG – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 1,713,174 shares of the basic materials company’s stock, valued at approximately $152,610,000.
Other hedge funds have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Bunge Global during the third quarter worth $25,000. Quest 10 Wealth Builders Inc. acquired a new stake in shares of Bunge Global during the fourth quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Bunge Global during the second quarter worth $31,000. MUFG Securities EMEA plc acquired a new stake in shares of Bunge Global during the second quarter worth $32,000. Finally, Stance Capital LLC acquired a new stake in shares of Bunge Global during the third quarter worth $34,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BG has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. BMO Capital Markets increased their price target on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.
Bunge Global Price Performance
Bunge Global stock opened at $131.53 on Thursday. Bunge Global SA has a one year low of $71.60 and a one year high of $134.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The business has a fifty day moving average of $124.96 and a two-hundred day moving average of $112.99. The company has a market cap of $25.52 billion, a P/E ratio of 30.66 and a beta of 0.62.
Bunge Global (NYSE:BG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The business had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. During the same quarter last year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, analysts predict that Bunge Global SA will post 9.57 earnings per share for the current fiscal year.
Bunge Global Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be given a $0.72 dividend. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.2%. Bunge Global’s dividend payout ratio (DPR) is currently 67.13%.
Bunge Global Company 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.
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