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

Legal & General Group Plc lowered its holdings in shares of Bunge Global SA (NYSE:BG) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 543,881 shares of the basic materials company’s stock after selling 19,803 shares during the period. Legal & General Group Plc owned about 0.28% of Bunge Global worth $48,449,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BG. United Services Automobile Association bought a new position in shares of Bunge Global during the first quarter valued at $223,000. Woodline Partners LP raised its stake in shares of Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after acquiring an additional 2,893 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bunge Global by 118.8% during the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Bunge Global by 1.1% during the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after acquiring an additional 263 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a research report on Thursday, February 5th. HSBC increased their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley raised their price target 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. One 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 MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Trading Down 0.3%

NYSE:BG opened at $123.35 on Friday. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $133.93. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 28.75 and a beta of 0.64. The firm has a fifty day simple moving average of $124.36 and a two-hundred day simple moving average of $112.16. 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 earnings per share 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 firm had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. During the same period last year, the firm earned $1.81 earnings per share. The business’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. Analysts expect that Bunge Global SA will post 9.57 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be paid 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 of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio (DPR) is 67.13%.

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.