Bruce & Co. Inc. Sells 10,000 Shares of Bunge Global SA $BG

Bruce & Co. Inc. lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 12.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 70,000 shares of the basic materials company’s stock after selling 10,000 shares during the period. Bunge Global comprises approximately 1.9% of Bruce & Co. Inc.’s investment portfolio, making the stock its 18th biggest position. Bruce & Co. Inc.’s holdings in Bunge Global were worth $6,236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new position in Bunge Global during the fourth quarter valued at approximately $70,000. Kestra Advisory Services LLC bought a new position in Bunge Global during the fourth quarter valued at approximately $77,000. Soros Fund Management LLC bought a new position in Bunge Global during the fourth quarter valued at approximately $7,711,000. Bridgewater Associates LP bought a new position in Bunge Global during the fourth quarter valued at approximately $336,000. Finally, Rubric Capital Management LP raised its position in Bunge Global by 259.2% during the fourth quarter. Rubric Capital Management LP now owns 676,510 shares of the basic materials company’s stock valued at $60,264,000 after acquiring an additional 488,163 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 1.5%

NYSE:BG opened at $127.13 on Friday. 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 $24.67 billion, a price-to-earnings ratio of 29.63 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. The company’s 50 day moving average is $125.04 and its 200-day moving average is $114.46.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.81 earnings per share. The company’s quarterly revenue was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities analysts anticipate that Bunge Global SA will post 9.57 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be given 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 yield of 2.3%. Bunge Global’s payout ratio is 67.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BG. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Barclays lifted their price target on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Morgan Stanley lifted their price target on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Finally, BMO Capital Markets lifted their price target 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. One 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.