Madison Asset Management LLC Invests $759,000 in Bunge Global SA $BG

Madison Asset Management LLC purchased a new stake in Bunge Global SA (NYSE:BG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,969 shares of the basic materials company’s stock, valued at approximately $759,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Glencore plc grew its stake in 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 position in Bunge Global by 4.6% during 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 buying an additional 777,805 shares during the last quarter. Capital World Investors raised its holdings in Bunge Global by 2.5% during the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after purchasing an additional 402,320 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 buying an additional 18,819 shares during the period. Finally, FIL Ltd lifted its holdings in Bunge Global by 8.0% in the fourth quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock valued at $216,112,000 after acquiring an additional 179,850 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Bunge Global stock opened at $124.04 on Thursday. The firm has a market capitalization of $24.07 billion, a PE ratio of 28.91 and a beta of 0.65. The stock’s 50 day moving average price is $118.53 and its 200 day moving average price is $118.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. Bunge Global SA has a one year low of $74.95 and a one year high of $134.87.

Bunge Global (NYSE:BG) last released its quarterly earnings results 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 firm had revenue of $21.86 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, sell-side analysts expect that Bunge Global SA will post 9.74 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.