Convergence Investment Partners LLC Buys Shares of 16,804 Bunge Global SA $BG

Convergence Investment Partners LLC bought a new stake in Bunge Global SA (NYSE:BG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,804 shares of the basic materials company’s stock, valued at approximately $1,497,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Glencore plc grew its position in Bunge Global by 100.0% in 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 last quarter. Vanguard Group Inc. boosted its stake in shares of Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares in the last quarter. Capital World Investors boosted its stake in shares of Bunge Global by 4.5% during the third quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock valued at $1,316,299,000 after purchasing an additional 694,709 shares in the last quarter. State Street Corp boosted its stake in shares of Bunge Global by 1.3% during the third quarter. State Street Corp now owns 6,921,322 shares of the basic materials company’s stock valued at $562,390,000 after purchasing an additional 85,873 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Bunge Global by 2.9% during the third quarter. Northern Trust Corp now owns 2,299,447 shares of the basic materials company’s stock valued at $186,830,000 after purchasing an additional 65,774 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Bunge Global stock opened at $122.38 on Friday. The stock’s 50 day moving average is $124.32 and its 200 day moving average is $110.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The firm has a market cap of $23.74 billion, a P/E ratio of 28.53 and a beta of 0.64. Bunge Global SA has a one year low of $71.60 and a one year high of $133.93.

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

Bunge Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is currently 65.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BG. Barclays lifted their price target on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Weiss Ratings lowered Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley lifted their price target on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. One equities research 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 data from MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average price target 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.