Bunge Global SA $BG Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in Bunge Global SA (NYSE:BG) by 47.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,771 shares of the basic materials company’s stock after selling 6,237 shares during the quarter. Fox Run Management L.L.C.’s holdings in Bunge Global were worth $550,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BG. Glencore plc purchased a new stake in Bunge Global during the 3rd quarter valued at approximately $2,665,496,000. Vanguard Group Inc. grew its stake in shares of Bunge Global by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,792,204 shares of the basic materials company’s stock valued at $1,364,367,000 after purchasing an additional 125,001 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Bunge Global by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock valued at $282,683,000 after purchasing an additional 80,082 shares during the period. LSV Asset Management raised its stake in shares of Bunge Global by 2.1% during the second quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after purchasing an additional 43,343 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Bunge Global during the second quarter worth $149,380,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. BMO Capital Markets reissued an “outperform” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Barclays lifted their price objective on Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.44.

Bunge Global Stock Performance

Shares of NYSE BG opened at $120.39 on Friday. The company has a 50-day simple moving average of $108.51 and a 200-day simple moving average of $95.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The company has a market cap of $23.30 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $124.78.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The firm had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. During the same period last year, the company earned $2.13 EPS. The firm’s quarterly 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. On average, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

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.