Everstar Asset Management LLC Makes New Investment in Bunge Global SA $BG

Everstar Asset Management LLC bought a new position in shares of Bunge Global SA (NYSE:BG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,600 shares of the basic materials company’s stock, valued at approximately $410,000.

A number of other hedge funds also recently bought and sold shares of BG. Glencore plc purchased a new stake in Bunge Global during the third quarter worth $2,665,496,000. Merewether Investment Management LP purchased a new stake in shares of Bunge Global during the 3rd quarter valued at $74,888,000. Vanguard Group Inc. lifted its holdings 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 valued at $1,565,136,000 after purchasing an additional 777,805 shares during the last quarter. Capital World Investors lifted its holdings in shares of Bunge Global by 4.5% during the 3rd quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock valued at $1,316,299,000 after purchasing an additional 694,709 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Bunge Global during the 3rd quarter valued at $36,362,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BG shares. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Weiss Ratings lowered Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Morgan Stanley increased their price objective on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price objective on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Finally, Barclays increased their price objective on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Stock Performance

NYSE BG opened at $122.38 on Friday. The stock has a 50-day simple moving average of $124.32 and a two-hundred day simple moving average of $110.30. The firm has a market capitalization of $23.74 billion, a P/E ratio of 28.53 and a beta of 0.64. Bunge Global SA has a fifty-two week low of $71.60 and a fifty-two week high of $133.93. 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) last released its quarterly earnings data 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. The business had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The company’s revenue was up 87.8% on a year-over-year basis. 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, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be paid a dividend of $0.72 per share. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.4%. Bunge Global’s dividend payout ratio (DPR) is presently 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.