Bunge Global SA $BG Shares Sold by MIdWestOne Financial Group Inc.

MIdWestOne Financial Group Inc. reduced its position in Bunge Global SA (NYSE:BG) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,102 shares of the basic materials company’s stock after selling 8,486 shares during the quarter. MIdWestOne Financial Group Inc.’s holdings in Bunge Global were worth $4,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management lifted its stake in shares of Bunge Global by 501.7% in the 4th quarter. Picton Mahoney Asset Management now owns 70,584 shares of the basic materials company’s stock valued at $6,288,000 after purchasing an additional 58,853 shares in the last quarter. Empowered Funds LLC lifted its position in Bunge Global by 81.1% during the 4th quarter. Empowered Funds LLC now owns 38,144 shares of the basic materials company’s stock worth $3,398,000 after acquiring an additional 17,077 shares in the last quarter. Meeder Advisory Services Inc. acquired a new position in Bunge Global during the 4th quarter worth approximately $219,000. Illinois Municipal Retirement Fund lifted its position in Bunge Global by 23.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 70,702 shares of the basic materials company’s stock worth $6,298,000 after acquiring an additional 13,396 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in Bunge Global by 9.9% during the 4th quarter. Metis Global Partners LLC now owns 28,835 shares of the basic materials company’s stock worth $2,569,000 after acquiring an additional 2,592 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. Barclays boosted their price target on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. HSBC boosted their price target on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets upped their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report 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 given a Hold rating to the stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Price Performance

Shares of NYSE BG opened at $125.40 on Friday. Bunge Global SA has a twelve month low of $71.60 and a twelve month high of $134.87. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 29.23 and a beta of 0.62. The business has a 50 day simple moving average of $125.06 and a 200-day simple moving average of $114.37.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share 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 business had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. During the same period in the previous year, the business earned $1.81 EPS. The business’s quarterly 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. As a group, equities research analysts expect that Bunge Global SA will post 9.57 earnings per share 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 issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, February 16th. Bunge Global’s payout ratio is 67.13%.

Bunge Global Company Profile

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.