Everstar Asset Management LLC Acquires Shares of 4,600 Bunge Global SA $BG

Everstar Asset Management LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,600 shares of the basic materials company’s stock, valued at approximately $410,000.

A number of other institutional investors have also recently modified their holdings of BG. Glencore plc acquired a new stake in shares of Bunge Global during the 3rd quarter valued at about $2,665,496,000. Merewether Investment Management LP acquired a new stake in shares of Bunge Global during the 3rd quarter valued at about $74,888,000. Vanguard Group Inc. grew its position in shares of Bunge Global by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares during the period. Capital World Investors grew its position in shares of Bunge Global by 4.5% during the 3rd quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock valued at $1,316,299,000 after acquiring an additional 694,709 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Bunge Global during the 3rd quarter valued at about $36,362,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Down 0.6%

BG opened at $122.38 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The company’s 50 day simple moving average is $124.32 and its two-hundred day simple moving average is $110.30. Bunge Global SA has a 1-year low of $71.60 and a 1-year high of $133.93. The firm has a market capitalization of $23.74 billion, a price-to-earnings ratio of 28.53 and a beta of 0.64.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping 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 business had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. During the same period last year, the company posted $1.81 EPS. The business’s revenue was up 87.8% on a year-over-year basis. 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 announced 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 yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio (DPR) is 67.13%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BG. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a research report on Thursday, February 5th. Weiss Ratings cut Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised their target price on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Barclays raised their target price on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, HSBC raised their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.