Legal & General Group Plc Sells 19,803 Shares of Bunge Global SA $BG

Legal & General Group Plc trimmed its holdings in Bunge Global SA (NYSE:BG) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 543,881 shares of the basic materials company’s stock after selling 19,803 shares during the quarter. Legal & General Group Plc’s holdings in Bunge Global were worth $48,449,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BG. Foster Dykema Cabot & Partners LLC bought a new position in shares of Bunge Global during the third quarter valued at about $25,000. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global during the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Bunge Global during the second quarter valued at about $31,000. MUFG Securities EMEA plc bought a new position in shares of Bunge Global during the second quarter valued at about $32,000. Finally, Stance Capital LLC bought a new stake in Bunge Global in the third quarter worth about $34,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

BG opened at $123.35 on Friday. The firm has a 50-day moving average price of $124.36 and a 200-day moving average price of $112.16. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 28.75 and a beta of 0.64. Bunge Global SA has a twelve month low of $71.60 and a twelve 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.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, beating the consensus estimate of $0.97 by $0.86. The company had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. Bunge Global’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 earnings per share. 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 year.

Bunge Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on BG shares. JPMorgan Chase & Co. lifted their price objective 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 lifted their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Morgan Stanley lifted their target price on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Finally, Barclays lifted their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global 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.