New York State Teachers Retirement System Sells 4,754 Shares of Bunge Global SA $BG

New York State Teachers Retirement System lessened its holdings in Bunge Global SA (NYSE:BG) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,320 shares of the basic materials company’s stock after selling 4,754 shares during the period. New York State Teachers Retirement System owned 0.05% of Bunge Global worth $9,204,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in Bunge Global by 3.9% during the third quarter. Park Avenue Securities LLC now owns 2,898 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 109 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Bunge Global by 20.5% in the 3rd quarter. Spire Wealth Management now owns 681 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Bunge Global by 4.5% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock worth $226,000 after buying an additional 120 shares during the last quarter. Czech National Bank raised its position in shares of Bunge Global by 0.3% during the 4th quarter. Czech National Bank now owns 35,691 shares of the basic materials company’s stock valued at $3,179,000 after buying an additional 123 shares in the last quarter. Finally, Centennial Wealth Advisory LLC raised its position in shares of Bunge Global by 2.1% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,992 shares of the basic materials company’s stock valued at $534,000 after buying an additional 126 shares in 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 research reports. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. BMO Capital Markets raised their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. increased their price objective on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. One investment 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $127.71 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. Bunge Global SA has a 52-week low of $71.60 and a 52-week high of $131.93. The company has a fifty day moving average of $123.32 and a 200-day moving average of $108.53. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 29.77 and a beta of 0.64.

Bunge Global (NYSE:BG) last issued its earnings results 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 analysts’ expectations of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The firm’s revenue was up 87.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities research analysts expect that Bunge Global SA will post 9.5 EPS for the current year.

Bunge Global Announces Dividend

The business 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. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. Bunge Global’s payout ratio is currently 65.27%.

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.