Savant Capital LLC Cuts Holdings in Bunge Global SA $BG

Savant Capital LLC lowered its stake in shares of Bunge Global SA (NYSE:BG) by 72.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,826 shares of the basic materials company’s stock after selling 9,894 shares during the period. Savant Capital LLC’s holdings in Bunge Global were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bleakley Financial Group LLC grew its position in Bunge Global by 0.8% in the fourth quarter. Bleakley Financial Group LLC now owns 38,426 shares of the basic materials company’s stock worth $3,423,000 after acquiring an additional 317 shares in the last quarter. Allstate Corp increased its stake in Bunge Global by 111.4% in the fourth quarter. Allstate Corp now owns 10,265 shares of the basic materials company’s stock valued at $914,000 after acquiring an additional 5,410 shares during the last quarter. Clearstead Advisors LLC increased its stake in Bunge Global by 167.0% in the fourth quarter. Clearstead Advisors LLC now owns 510 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 319 shares during the last quarter. Optimize Financial Inc increased its stake in Bunge Global by 1.4% in the fourth quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock valued at $641,000 after acquiring an additional 100 shares during the last quarter. Finally, Swedbank AB increased its stake in Bunge Global by 2.9% in the fourth quarter. Swedbank AB now owns 133,030 shares of the basic materials company’s stock valued at $11,850,000 after acquiring an additional 3,805 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. UBS Group reissued a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. BMO Capital Markets increased their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Morgan Stanley increased their target price on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Stock Down 2.1%

Shares of NYSE:BG opened at $126.70 on Friday. The stock’s 50-day moving average price is $125.09 and its 200-day moving average price is $113.32. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $134.87. The stock has a market capitalization of $24.58 billion, a P/E ratio of 29.53 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 data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (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 analysts’ expectations of $23.38 billion. During the same period last year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, equities analysts anticipate that Bunge Global SA will post 9.57 earnings per share for the current year.

Bunge Global Dividend Announcement

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 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 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.