Barings LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,655 shares of the basic materials company’s stock after buying an additional 6,313 shares during the period. Barings LLC’s holdings in Bunge Global were worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. Glencore plc raised its position in Bunge Global by 100.0% during 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 buying an additional 32,806,103 shares during the period. Vanguard Group Inc. increased its stake in Bunge Global by 4.6% in 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 buying an additional 777,805 shares during the period. Capital World Investors increased its stake in Bunge Global by 2.5% in the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after buying an additional 402,320 shares during the period. State Street Corp increased its stake in Bunge Global by 1.3% in the 3rd quarter. State Street Corp now owns 6,921,322 shares of the basic materials company’s stock valued at $562,390,000 after buying an additional 85,873 shares during the period. Finally, Northern Trust Corp increased its stake in Bunge Global by 2.9% in the 3rd quarter. Northern Trust Corp now owns 2,299,447 shares of the basic materials company’s stock valued at $186,830,000 after buying an additional 65,774 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.
Bunge Global Stock Performance
Shares of BG opened at $125.40 on Friday. The company’s fifty day moving average is $125.06 and its 200-day moving average is $114.37. 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 $24.33 billion, a price-to-earnings ratio of 29.23 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be issued 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 dividend yield of 2.3%. Bunge Global’s dividend payout ratio is currently 67.13%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. HSBC upped their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. upped their target price on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. Barclays upped their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned 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.
Get Our Latest Stock Analysis on BG
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.
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