North Dakota State Investment Board Acquires New Position in Bunge Global SA $BG

North Dakota State Investment Board acquired a new stake in shares of Bunge Global SA (NYSE:BG) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,614 shares of the basic materials company’s stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC purchased a new position in Bunge Global during the fourth quarter valued at approximately $603,000. Everstar Asset Management LLC purchased a new position in Bunge Global during the fourth quarter valued at approximately $410,000. Applied Finance Capital Management LLC grew its position in Bunge Global by 38.0% during the fourth quarter. Applied Finance Capital Management LLC now owns 3,875 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 1,068 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Bunge Global during the fourth quarter valued at approximately $1,497,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Bunge Global during the fourth quarter valued at approximately $35,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

BG stock opened at $120.65 on Friday. 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 company has a market capitalization of $23.41 billion, a price-to-earnings ratio of 28.12 and a beta of 0.64. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $133.93. The firm has a 50 day moving average of $124.66 and a two-hundred day moving average of $111.20.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $0.97 by $0.86. The company had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities analysts anticipate 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 given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is currently 65.27%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BG shares. Morgan Stanley boosted their price objective on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Barclays boosted their target price 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. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Bunge Global in a research report on Thursday, February 5th. BMO Capital Markets boosted their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average 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.