Bunge Global SA $BG Stock Holdings Increased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in Bunge Global SA (NYSE:BG) by 81.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,649 shares of the basic materials company’s stock after acquiring an additional 16,490 shares during the quarter. CIBC Asset Management Inc’s holdings in Bunge Global were worth $3,265,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quest 10 Wealth Builders Inc. purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $27,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Bunge Global in the third quarter worth approximately $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Bunge Global in the second quarter worth approximately $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Bunge Global in the second quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $35,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BG shares. JPMorgan Chase & Co. increased 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 objective 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. Morgan Stanley boosted their target price 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. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. One investment 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Performance

Shares of BG opened at $126.70 on Monday. The company’s fifty day moving average is $125.09 and its 200-day moving average is $113.46. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $134.87. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 29.53 and a beta of 0.62. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS 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 company had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. During the same quarter in the prior year, the business posted $1.81 EPS. Bunge Global’s quarterly revenue 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 analysts expect that Bunge Global SA will post 9.57 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.3%. Bunge Global’s dividend payout ratio (DPR) is currently 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.