SIR Capital Management L.P. Invests $12.73 Million in Bunge Global SA $BG

SIR Capital Management L.P. bought a new position in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, HoldingsChannel reports. The fund bought 142,900 shares of the basic materials company’s stock, valued at approximately $12,730,000. Bunge Global accounts for approximately 1.4% of SIR Capital Management L.P.’s holdings, making the stock its 25th largest holding.

Several other large investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bunge Global during the 4th quarter worth $520,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bunge Global by 168,119.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after buying an additional 1,165,071 shares in the last quarter. Korea Investment CORP boosted its stake in Bunge Global by 152.6% in the fourth quarter. Korea Investment CORP now owns 131,877 shares of the basic materials company’s stock valued at $11,748,000 after buying an additional 79,669 shares in the last quarter. Summit Financial LLC acquired a new stake in Bunge Global in the fourth quarter valued at about $219,000. Finally, Advisors Asset Management Inc. boosted its stake in Bunge Global by 3.0% in the fourth quarter. Advisors Asset Management Inc. now owns 12,397 shares of the basic materials company’s stock valued at $1,104,000 after buying an additional 360 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays raised their price objective on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. HSBC raised their price objective on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Finally, BMO Capital Markets raised their price objective on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Stock Performance

Shares of BG stock opened at $127.13 on Friday. The business’s 50-day moving average price is $125.04 and its 200-day moving average price is $114.46. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $134.87. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 29.63 and a beta of 0.62. 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 announced 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 return on equity of 8.60% and a net margin of 0.85%.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 posted $1.81 earnings per share. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities research analysts forecast that Bunge Global SA will post 9.57 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be paid a dividend of $0.72 per share. 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 presently 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.