Jones Kertz & Associates Inc. Purchases Shares of 18,804 Bunge Global SA $BG

Jones Kertz & Associates Inc. purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the fourth quarter, HoldingsChannel reports. The fund purchased 18,804 shares of the basic materials company’s stock, valued at approximately $1,675,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Glencore plc raised its holdings in Bunge Global by 100.0% during the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after acquiring an additional 32,806,103 shares during the period. Bryce Point Capital LLC purchased a new stake in Bunge Global during the 3rd quarter valued at approximately $535,000. Polianta Ltd purchased a new stake in Bunge Global during the 3rd quarter valued at approximately $1,560,000. AE Wealth Management LLC grew its holdings in Bunge Global by 2.9% during the 3rd quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock valued at $13,702,000 after buying an additional 4,691 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Bunge Global by 719.2% during the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after buying an additional 266,827 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Up 2.7%

Shares of BG opened at $122.44 on Tuesday. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $131.93. The business’s 50 day simple moving average is $122.67 and its 200-day simple moving average is $106.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.17. The business had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company’s revenue for the quarter was up 75.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Bunge Global SA will post 8.18 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company 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. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio is 51.66%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BG. JPMorgan Chase & Co. increased their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Barclays increased their price objective on shares of Bunge Global from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Bank of America increased their price objective on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, UBS Group reissued a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.11.

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.