Bunge Global (NYSE:BG) Reaches New 12-Month High – Here’s What Happened

Bunge Global SA (NYSE:BG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $131.93 and last traded at $128.3820, with a volume of 166387 shares. The stock had previously closed at $129.42.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Bank of America boosted their target price on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Barclays lifted their price target on shares of Bunge Global from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.60.

Bunge Global Trading Down 0.6%

The firm’s 50 day moving average is $120.91 and its 200 day moving average is $102.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The company has a market capitalization of $24.90 billion, a PE ratio of 23.74, a P/E/G ratio of 0.81 and a beta of 0.71.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The business had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. During the same quarter last year, the firm earned $2.13 EPS. The company’s revenue was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.2%. Bunge Global’s dividend payout ratio (DPR) is presently 51.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BG. Glencore plc bought a new stake in shares of Bunge Global in the 3rd quarter worth approximately $2,665,496,000. Norges Bank bought a new position in shares of Bunge Global during the fourth quarter valued at approximately $152,610,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bunge Global by 168,119.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after acquiring an additional 1,165,071 shares in the last quarter. Merewether Investment Management LP purchased a new stake in Bunge Global in the third quarter worth $74,888,000. Finally, Vanguard Group Inc. lifted its stake in 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 acquiring an additional 777,805 shares during the period. Institutional investors own 86.23% of the company’s stock.

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.