Foster & Motley Inc. Lowers Position in Bunge Global SA $BG

Foster & Motley Inc. cut its holdings in shares of Bunge Global SA (NYSE:BG) by 45.5% during the first quarter, Holdings Channel reports. The firm owned 9,016 shares of the basic materials company’s stock after selling 7,535 shares during the quarter. Foster & Motley Inc.’s holdings in Bunge Global were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Glencore plc lifted its position in shares of Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after buying an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. raised 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 worth $1,565,136,000 after purchasing an additional 777,805 shares during the last quarter. Capital World Investors lifted its stake in shares of Bunge Global by 2.5% in the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after acquiring an additional 402,320 shares during the period. State Street Corp boosted its holdings in Bunge Global by 0.3% in the 4th quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after purchasing an additional 18,819 shares in the last quarter. Finally, FIL Ltd grew its holdings in Bunge Global by 8.0% during the fourth quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock worth $216,112,000 after acquiring an additional 179,850 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 1.0%

NYSE BG opened at $110.41 on Friday. The company has a market cap of $21.42 billion, a P/E ratio of 25.74 and a beta of 0.62. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $134.87. 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 company has a 50-day moving average of $122.69 and a 200-day moving average of $115.73.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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. The company had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The business’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities analysts predict that Bunge Global SA will post 9.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BG shares. BMO Capital Markets increased their target price on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. HSBC upped their price target on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, UBS Group reiterated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global presently 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.