DoubleLine ETF Adviser LP Acquires Shares of 7,016 Bunge Global SA $BG

DoubleLine ETF Adviser LP bought a new position in Bunge Global SA (NYSE:BG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,016 shares of the basic materials company’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also made changes to their positions in BG. Glencore plc bought a new stake in Bunge Global during the 3rd quarter valued at about $2,665,496,000. Bryce Point Capital LLC bought a new position in Bunge Global in the 3rd quarter worth about $535,000. Polianta Ltd purchased a new position in shares of Bunge Global during the third quarter worth approximately $1,560,000. AE Wealth Management LLC increased its position in shares of Bunge Global by 2.9% during the third quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after acquiring an additional 4,691 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Bunge Global by 719.2% during the third quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after acquiring an additional 266,827 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BG. Weiss Ratings cut Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. HSBC lifted their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a research note on Thursday, February 5th. Finally, Bank of America lifted their price objective on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.40.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $124.73 on Monday. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 0.79 and a beta of 0.75. Bunge Global SA has a 52 week low of $68.33 and a 52 week high of $127.24. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $114.51 and a 200 day moving average of $98.25.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The business had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. During the same quarter last year, the firm earned $2.13 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global 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.