Bunge Global SA $BG Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in Bunge Global SA (NYSE:BG) by 36.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,145 shares of the basic materials company’s stock after selling 49,376 shares during the period. Pictet Asset Management Holding SA’s holdings in Bunge Global were worth $10,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BG. Foster Dykema Cabot & Partners LLC acquired a new stake in Bunge Global in the third quarter valued at $25,000. Quest 10 Wealth Builders Inc. purchased a new position in shares of Bunge Global in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in shares of Bunge Global during the 2nd quarter worth $32,000. Finally, Stance Capital LLC purchased a new stake in shares of Bunge Global in the 3rd quarter worth about $34,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

Shares of NYSE:BG opened at $106.54 on Friday. The company has a market cap of $20.67 billion, a P/E ratio of 24.83 and a beta of 0.65. The business has a fifty day simple moving average of $121.04 and a 200-day simple moving average of $116.24. Bunge Global SA has a 52 week low of $71.60 and a 52 week high of $134.87. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

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

Wall Street Analysts Forecast Growth

BG has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Morgan Stanley increased their price target on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock 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.