Baader Bank Aktiengesellschaft purchased a new stake in shares of Bunge Global SA (NYSE:BG – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,304 shares of the basic materials company’s stock, valued at approximately $472,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Glencore plc increased its position in shares of Bunge Global by 100.0% during the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after acquiring an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares during the last quarter. Capital World Investors increased its position in shares of Bunge Global by 4.5% during the third quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock valued at $1,316,299,000 after acquiring an additional 694,709 shares during the last quarter. State Street Corp increased its position in Bunge Global by 1.3% in the third 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 last quarter. Finally, Northern Trust Corp increased its position in Bunge Global by 2.9% in the third 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 last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Barclays raised their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, 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. 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’s stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.
Bunge Global Stock Down 0.6%
Shares of NYSE:BG opened at $122.38 on Friday. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $133.93. The company has a market cap of $23.74 billion, a PE ratio of 28.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The stock’s 50-day moving average is $124.32 and its 200 day moving average is $110.30.
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 (EPS) 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 company had revenue of $21.86 billion for the quarter, compared to the consensus estimate of $23.38 billion. During the same quarter in the previous year, the business earned $1.81 EPS. Bunge Global’s revenue was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Sell-side analysts anticipate that Bunge Global SA will post 9.57 EPS for the current year.
Bunge Global Announces Dividend
The company also recently announced 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 of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. Bunge Global’s dividend payout ratio is currently 65.27%.
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.
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