Cookson Peirce & Co. Inc. purchased a new stake in Bunge Global SA (NYSE:BG – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,541 shares of the basic materials company’s stock, valued at approximately $761,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Glencore plc increased its stake 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 valued at $5,844,735,000 after buying an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Bunge Global by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after purchasing an additional 777,805 shares during the last quarter. Bryce Point Capital LLC acquired a new position in shares of Bunge Global during the 3rd quarter worth about $535,000. HighTower Advisors LLC increased its stake in shares of Bunge Global by 86.5% during the 3rd quarter. HighTower Advisors LLC now owns 40,330 shares of the basic materials company’s stock worth $3,277,000 after purchasing an additional 18,707 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Bunge Global by 67.4% during the 3rd quarter. TD Asset Management Inc now owns 60,994 shares of the basic materials company’s stock worth $4,956,000 after purchasing an additional 24,565 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BG has been the topic of several recent analyst reports. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. HSBC boosted their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Barclays boosted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, BMO Capital Markets boosted their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.67.
Bunge Global Stock Up 0.2%
Shares of BG opened at $126.70 on Monday. Bunge Global SA has a 52 week low of $71.60 and a 52 week high of $134.87. The firm has a market cap of $24.58 billion, a P/E ratio of 29.53 and a beta of 0.62. The firm’s 50-day simple moving average is $125.09 and its 200 day simple moving average is $113.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60.
Bunge Global (NYSE:BG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The business had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. During the same quarter in the prior year, the business earned $1.81 EPS. Bunge Global’s quarterly revenue was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, analysts forecast that Bunge Global SA will post 9.57 earnings per share for the current year.
Bunge Global Announces Dividend
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 is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. Bunge Global’s dividend payout ratio is 67.13%.
About Bunge Global
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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