Prudential PLC Has $1.25 Million Holdings in Bunge Global SA $BG

Prudential PLC grew its stake in shares of Bunge Global SA (NYSE:BG) by 140.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,039 shares of the basic materials company’s stock after acquiring an additional 8,203 shares during the period. Prudential PLC’s holdings in Bunge Global were worth $1,251,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators lifted its position in Bunge Global by 34.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,322 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 340 shares during the last quarter. Vise Technologies Inc. bought a new position in Bunge Global in the fourth quarter valued at approximately $288,000. Daiwa Securities Group Inc. increased its stake in Bunge Global by 2.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 40,002 shares of the basic materials company’s stock valued at $3,563,000 after acquiring an additional 878 shares during the last quarter. Cibc World Market Inc. acquired a new stake in Bunge Global in the fourth quarter valued at approximately $872,000. Finally, CIBC Asset Management Inc boosted its position in Bunge Global by 81.8% in the fourth quarter. CIBC Asset Management Inc now owns 36,649 shares of the basic materials company’s stock valued at $3,265,000 after buying an additional 16,490 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

BG stock opened at $126.70 on Monday. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 29.53 and a beta of 0.62. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $134.87. The company’s fifty day simple moving average is $125.09 and its 200 day simple moving average is $113.46.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.86. The business had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. Bunge Global’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, analysts expect that Bunge Global SA will post 9.57 earnings per share for the current year.

Bunge Global Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is 67.13%.

Analyst Upgrades and Downgrades

BG has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Morgan Stanley raised their target price 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 lifted their price target on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One investment 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 MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average target price 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.