Intech Investment Management LLC Cuts Stock Position in Bunge Global SA $BG

Intech Investment Management LLC lessened its stake in shares of Bunge Global SA (NYSE:BG) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,924 shares of the basic materials company’s stock after selling 38,097 shares during the quarter. Intech Investment Management LLC’s holdings in Bunge Global were worth $973,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Glencore plc grew its holdings 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 worth $5,844,735,000 after acquiring an additional 32,806,103 shares during the period. Merewether Investment Management LP acquired a new position in Bunge Global during the third quarter worth $74,888,000. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 777,805 shares during the period. Capital World Investors grew its holdings in 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 acquiring an additional 694,709 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Bunge Global in the third quarter valued at $36,362,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $126.70 on Monday. The business’s 50-day moving average price is $125.09 and its 200 day moving average price is $113.46. Bunge Global SA has a twelve month low of $71.60 and a twelve month high of $134.87. The company has a market capitalization of $24.58 billion, a PE ratio of 29.53 and a beta of 0.62. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

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

Bunge Global Dividend Announcement

The company also recently declared 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 of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a yield of 2.3%. Bunge Global’s payout ratio is 67.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays upped their target price on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. HSBC upped their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. upped their target price on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. BMO Capital Markets upped their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.