Bunge Global SA $BG Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP decreased its position in Bunge Global SA (NYSE:BG) by 7.5% in the 4th quarter, Holdings Channel reports. The fund owned 314,369 shares of the basic materials company’s stock after selling 25,542 shares during the period. Baker Avenue Asset Management LP’s holdings in Bunge Global were worth $28,004,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Glencore plc grew its position in Bunge Global by 100.0% in 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 in the last quarter. Vanguard Group Inc. grew 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 worth $1,565,136,000 after buying an additional 777,805 shares in the last quarter. Capital World Investors grew 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 worth $1,316,299,000 after buying an additional 694,709 shares in the last quarter. State Street Corp grew its position in shares of Bunge Global by 1.3% during 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 in the last quarter. Finally, Northern Trust Corp grew its position in shares of Bunge Global by 2.9% during 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 in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $121.37 on Thursday. The business’s fifty day moving average price is $124.42 and its 200 day moving average price is $111.87. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $133.93. The stock has a market capitalization of $23.55 billion, a PE ratio of 28.29 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.

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

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors 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 annualized dividend and a yield of 2.4%. Bunge Global’s dividend payout ratio (DPR) is 67.13%.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group reissued a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. JPMorgan Chase & Co. raised their price target on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. BMO Capital Markets raised their price target on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, HSBC raised their price target on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

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.