Ascent Group LLC Acquires New Position in Bunge Global SA $BG

Ascent Group LLC acquired a new stake in Bunge Global SA (NYSE:BG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,699 shares of the basic materials company’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. United Services Automobile Association bought a new stake in shares of Bunge Global during the first quarter valued at about $223,000. Woodline Partners LP increased its position in shares of Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after buying an additional 2,893 shares during the period. Focus Partners Wealth increased its position in shares of Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after buying an additional 580 shares during the period. M&T Bank Corp increased its position in shares of Bunge Global by 1.9% during the second quarter. M&T Bank Corp now owns 6,743 shares of the basic materials company’s stock valued at $541,000 after buying an additional 124 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Bunge Global by 118.8% during the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after buying an additional 494 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Up 0.0%

Shares of NYSE BG opened at $127.05 on Thursday. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $131.93. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 0.81 and a beta of 0.71. The business has a 50-day moving average of $121.64 and a 200-day moving average of $103.59.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Bunge Global’s revenue was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be issued a dividend of $0.72 per share. 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 payout ratio is presently 51.66%.

Wall Street Analysts Forecast Growth

BG has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Barclays upped their price target on Bunge Global from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Weiss Ratings cut Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. 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. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.60.

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.