Pacer Advisors Inc. lessened its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 58.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,763 shares of the basic materials company's stock after selling 9,693 shares during the period. Pacer Advisors Inc.'s holdings in Bunge Global were worth $860,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 777,805 shares during the last quarter. Capital World Investors increased its position in Bunge Global by 2.5% during the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company's stock worth $1,478,960,000 after buying an additional 402,320 shares during the period. State Street Corp lifted its holdings in shares of Bunge Global by 0.3% during the fourth quarter. State Street Corp now owns 6,940,141 shares of the basic materials company's stock worth $618,260,000 after buying an additional 18,819 shares in the last quarter. FIL Ltd lifted its holdings in shares of Bunge Global by 8.0% during the fourth quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company's stock worth $216,112,000 after buying an additional 179,850 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Bunge Global by 2.9% in the fourth quarter. Northern Trust Corp now owns 2,366,615 shares of the basic materials company's stock valued at $210,818,000 after acquiring an additional 67,168 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on BG shares. Barclays upped their price target on shares of Bunge Global from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Bunge Global from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $132.67.
Check Out Our Latest Stock Report on BG
Bunge Global Price Performance
Bunge Global stock opened at $108.30 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. Bunge Global SA has a 52 week low of $76.01 and a 52 week high of $134.87. The stock has a market capitalization of $20.81 billion, a P/E ratio of 21.03 and a beta of 0.65. The stock has a fifty day moving average of $115.96 and a 200-day moving average of $119.75.
Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.03. The business had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.Bunge Global's revenue was up 88.3% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, sell-side analysts expect that Bunge Global SA will post 9.72 earnings per share for the current fiscal year.
Insider Activity at Bunge Global
In related news, Director Christopher Mahoney purchased 5,000 shares of Bunge Global stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $105.53 per share, for a total transaction of $527,650.00. Following the purchase, the director owned 13,320 shares in the company, valued at approximately $1,405,659.60. This trade represents a 60.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.
Bunge Global Company Profile
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Free Report)
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.
See Also
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