Principal Financial Group Inc. Raises Stake in Bunge Global SA $BG

Principal Financial Group Inc. raised its holdings in shares of Bunge Global SA (NYSE:BG) by 3.4% in the first quarter, Holdings Channel.com reports. The firm owned 184,209 shares of the basic materials company’s stock after purchasing an additional 6,099 shares during the period. Principal Financial Group Inc.’s holdings in Bunge Global were worth $23,431,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Glencore plc lifted its holdings in shares of Bunge Global by 100.0% in the fourth 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 in the last quarter. Vanguard Group Inc. lifted its stake in Bunge Global by 4.6% in the 4th 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 in the last quarter. Pacific Point Advisors LLC bought a new position in shares of Bunge Global during the 4th quarter valued at about $1,436,000. KBC Group NV lifted its position in shares of Bunge Global by 35.9% in the fourth quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock worth $3,321,000 after buying an additional 9,849 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Bunge Global during the fourth quarter valued at approximately $560,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BG has been the topic of several recent research reports. JPMorgan Chase & Co. upped 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. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BMO Capital Markets increased their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Barclays lifted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Up 1.2%

Shares of BG opened at $120.58 on Tuesday. The firm has a fifty day moving average price of $118.67 and a 200-day moving average price of $118.36. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $23.40 billion, a P/E ratio of 28.11 and a beta of 0.65. Bunge Global SA has a 12-month low of $74.14 and a 12-month high of $134.87.

Bunge Global (NYSE:BG) last issued 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 during the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. Bunge Global’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities research analysts expect that Bunge Global SA will post 9.61 earnings per share for the current year.

Bunge Global Company Profile

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.