ClearAlpha Technologies LP acquired a new position in Bunge Global SA (NYSE:BG – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,699 shares of the basic materials company’s stock, valued at approximately $419,000.
Several other institutional investors have also recently made changes to their positions in the stock. Glencore plc raised its stake in shares of Bunge Global by 100.0% in the fourth 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. raised its stake in 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 valued at $1,565,136,000 after purchasing an additional 777,805 shares during the period. Capital World Investors raised its stake in Bunge Global by 2.5% during the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after purchasing an additional 402,320 shares during the period. State Street Corp raised its stake in Bunge Global by 0.3% during the 4th quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after purchasing an additional 18,819 shares during the period. Finally, FIL Ltd raised its stake in Bunge Global by 8.0% during the 4th quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock valued at $216,112,000 after purchasing an additional 179,850 shares during the period. Institutional investors own 86.23% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. HSBC lifted their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. lifted their target price on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, UBS Group reissued a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.
Bunge Global Stock Performance
NYSE BG opened at $116.19 on Thursday. The stock has a market capitalization of $22.54 billion, a PE ratio of 27.08 and a beta of 0.62. The business has a 50 day simple moving average of $124.47 and a two-hundred day simple moving average of $115.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. Bunge Global SA has a 1-year low of $71.60 and a 1-year high of $134.87.
Bunge Global (NYSE:BG – Get Free Report) last released its quarterly 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 business 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%.The firm’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, research analysts predict that Bunge Global SA will post 9.57 EPS 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. Stockholders of record on Tuesday, February 16th will be issued 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 2.5%. Bunge Global’s 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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