Cohen & Steers Inc. Has $26.61 Million Stock Position in Bunge Global SA $BG

Cohen & Steers Inc. lowered its holdings in shares of Bunge Global SA (NYSE:BGFree Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 298,706 shares of the basic materials company’s stock after selling 42,844 shares during the period. Cohen & Steers Inc. owned approximately 0.15% of Bunge Global worth $26,609,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in Bunge Global by 10.4% during the fourth quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock worth $93,000 after buying an additional 98 shares in the last quarter. Optimize Financial Inc boosted its holdings in shares of Bunge Global by 1.4% in the 4th quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock worth $641,000 after purchasing an additional 100 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Bunge Global by 4.5% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 120 shares in the last quarter. Czech National Bank boosted its holdings in shares of Bunge Global by 0.3% in the 4th quarter. Czech National Bank now owns 35,691 shares of the basic materials company’s stock worth $3,179,000 after purchasing an additional 123 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its holdings in shares of Bunge Global by 2.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 5,992 shares of the basic materials company’s stock worth $534,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BG. BMO Capital Markets upped their price objective on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Morgan Stanley upped their price objective on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. Barclays upped their price objective on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, UBS Group reiterated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.67.

Check Out Our Latest Research Report on BG

Bunge Global Price Performance

BG opened at $127.13 on Friday. The stock has a 50-day moving average price of $125.04 and a 200-day moving average price of $114.46. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $134.87. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.67 billion, a P/E ratio of 29.63 and a beta of 0.62.

Bunge Global (NYSE:BGGet Free Report) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.86. The company had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.Bunge Global’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities analysts predict that Bunge Global SA will post 9.57 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be issued a dividend of $0.72 per share. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 annualized dividend and a yield of 2.3%. Bunge Global’s dividend payout ratio is currently 67.13%.

About Bunge Global

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.