Allstate Corp Buys 5,410 Shares of Bunge Global SA $BG

Allstate Corp raised its stake in shares of Bunge Global SA (NYSE:BG) by 111.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,265 shares of the basic materials company’s stock after acquiring an additional 5,410 shares during the quarter. Allstate Corp’s holdings in Bunge Global were worth $914,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BG. Glencore plc increased 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 purchasing an additional 32,806,103 shares during the period. Merewether Investment Management LP bought a new position in shares of Bunge Global in the third quarter worth about $74,888,000. Vanguard Group Inc. increased its stake in shares of Bunge Global by 4.6% in 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 purchasing an additional 777,805 shares during the period. Capital World Investors increased its stake in shares of Bunge Global by 4.5% in 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 purchasing an additional 694,709 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Bunge Global in the third quarter worth about $36,362,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Down 0.3%

Shares of BG opened at $123.35 on Friday. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $133.93. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 28.75 and a beta of 0.64. The stock’s 50-day moving average price is $124.36 and its 200 day moving average price is $112.16.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $23.38 billion. During the same period in the previous year, the company posted $1.81 earnings per share. 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. As a group, research analysts predict that Bunge Global SA will post 9.57 earnings per share for the current year.

Bunge Global Dividend Announcement

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 issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is presently 67.13%.

Analysts Set New Price Targets

BG has been the topic of a number of recent analyst reports. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Morgan Stanley boosted their price target on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. Finally, BMO Capital Markets boosted their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.67.

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.