4,614 Shares in Bunge Global SA $BG Acquired by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in Bunge Global SA (NYSE:BG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,614 shares of the basic materials company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Bunge Global by 10.4% in the 4th quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 98 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised 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 raised 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. Centennial Wealth Advisory LLC raised 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. Finally, Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Bunge Global by 0.3% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 43,746 shares of the basic materials company’s stock worth $3,554,000 after purchasing an additional 138 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BG has been the topic of a number of research reports. UBS Group reiterated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. HSBC boosted their price target on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. BMO Capital Markets upped their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Weiss Ratings cut shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Morgan Stanley lifted their price objective on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Trading Up 0.2%

NYSE BG opened at $120.65 on Friday. Bunge Global SA has a twelve month low of $71.60 and a twelve month 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. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 28.12 and a beta of 0.64. The firm’s 50 day moving average price is $124.66 and its two-hundred day moving average price is $111.20.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The firm had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. During the same period in the previous year, the company posted $1.81 EPS. The company’s quarterly 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. Equities analysts anticipate that Bunge Global SA will post 9.57 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a yield of 2.4%. Bunge Global’s payout ratio is presently 65.27%.

Bunge Global Company 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.