Norges Bank Invests $152.61 Million in Bunge Global SA $BG

Norges Bank purchased a new position in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,713,174 shares of the basic materials company’s stock, valued at approximately $152,610,000. Norges Bank owned approximately 0.89% of Bunge Global as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Glencore plc lifted its position in shares of Bunge Global by 100.0% during the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after purchasing an additional 32,806,103 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bunge Global by 4.6% during 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 purchasing an additional 777,805 shares in the last quarter. Bryce Point Capital LLC purchased a new stake in shares of Bunge Global during the third quarter worth approximately $535,000. HighTower Advisors LLC increased its stake in shares of Bunge Global by 86.5% during the third quarter. HighTower Advisors LLC now owns 40,330 shares of the basic materials company’s stock worth $3,277,000 after buying an additional 18,707 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Bunge Global by 67.4% during the third quarter. TD Asset Management Inc now owns 60,994 shares of the basic materials company’s stock worth $4,956,000 after buying an additional 24,565 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $131.53 on Thursday. The firm has a market capitalization of $25.52 billion, a P/E ratio of 30.66 and a beta of 0.62. Bunge Global SA has a 52 week low of $71.60 and a 52 week high of $134.87. 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 firm’s 50 day moving average is $124.96 and its two-hundred day moving average is $112.99.

Bunge Global (NYSE:BG) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Research analysts forecast that Bunge Global SA will post 9.57 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.2%. Bunge Global’s dividend payout ratio (DPR) is 67.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets upped 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. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. Morgan Stanley upped 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. HSBC upped their target price on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Barclays upped 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 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 stock. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $132.67.

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.