Cohen & Steers Inc. Reduces Holdings in Bunge Global SA $BG

Cohen & Steers Inc. cut its stake in shares of Bunge Global SA (NYSE:BG) by 12.5% in the 4th quarter, HoldingsChannel reports. The fund owned 298,706 shares of the basic materials company’s stock after selling 42,844 shares during the quarter. Cohen & Steers Inc.’s holdings in Bunge Global were worth $26,609,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. United Services Automobile Association bought a new position in Bunge Global during the 1st quarter valued at approximately $223,000. Woodline Partners LP raised its position in Bunge Global by 34.5% during the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after purchasing an additional 2,893 shares during the last quarter. Focus Partners Wealth raised its position in Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Bunge Global by 118.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Bunge Global by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after purchasing an additional 263 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target 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 upped their price target on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets upped their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. HSBC upped their price target on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upped their price target on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Up 1.5%

Shares of NYSE:BG opened at $127.13 on Friday. Bunge Global SA has a 52-week low of $71.60 and a 52-week high of $134.87. The firm has a market capitalization of $24.67 billion, a P/E ratio of 29.63 and a beta of 0.62. The stock has a 50 day moving average price of $125.04 and a 200-day moving average price of $114.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $23.38 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The business’s revenue 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. As a group, equities research analysts anticipate that Bunge Global SA will post 9.57 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. Bunge Global’s dividend payout ratio is currently 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.