Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 6,989 Shares of Bunge Global SA $BG

Fideuram Intesa Sanpaolo Private Banking S.P.A. lowered its holdings in Bunge Global SA (NYSE:BG) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,947 shares of the basic materials company’s stock after selling 6,989 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Bunge Global were worth $7,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC raised its holdings in Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock worth $57,000 after buying an additional 85 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Bunge Global by 10.4% during the fourth quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock valued at $93,000 after buying an additional 98 shares during the last quarter. Optimize Financial Inc grew its holdings in shares of Bunge Global by 1.4% during the fourth quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock valued at $641,000 after buying an additional 100 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Bunge Global by 4.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 120 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Bunge Global by 0.3% during the fourth quarter. Czech National Bank now owns 35,691 shares of the basic materials company’s stock worth $3,179,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 1.6%

BG opened at $106.54 on Friday. Bunge Global SA has a fifty-two week low of $71.60 and a fifty-two week high of $134.87. The firm has a market capitalization of $20.67 billion, a P/E ratio of 24.83 and a beta of 0.65. The company’s 50-day moving average is $121.42 and its 200 day moving average is $116.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. The business 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%. The firm’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Research analysts expect that Bunge Global SA will post 9.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price target 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. Morgan Stanley boosted their price objective on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.