Federated Hermes Inc. Sells 18,742 Shares of Bunge Global SA $BG

Federated Hermes Inc. cut its holdings in shares of Bunge Global SA (NYSE:BG) by 79.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,878 shares of the basic materials company’s stock after selling 18,742 shares during the quarter. Federated Hermes Inc.’s holdings in Bunge Global were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J. Safra Sarasin Holding AG increased its holdings in Bunge Global by 178.5% during the third quarter. J. Safra Sarasin Holding AG now owns 22,681 shares of the basic materials company’s stock worth $1,843,000 after buying an additional 14,536 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of Bunge Global by 1.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 72,315 shares of the basic materials company’s stock valued at $5,876,000 after acquiring an additional 1,215 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of Bunge Global by 107.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 14,482 shares of the basic materials company’s stock valued at $1,177,000 after acquiring an additional 7,493 shares during the period. Retirement Systems of Alabama increased its stake in shares of Bunge Global by 3.6% during the 3rd quarter. Retirement Systems of Alabama now owns 29,874 shares of the basic materials company’s stock worth $2,427,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Blackhawk Capital Partners LLC raised its holdings in shares of Bunge Global by 9.1% in the 3rd quarter. Blackhawk Capital Partners LLC now owns 4,564 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 379 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the sale, the vice president owned 104,537 shares in the company, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. CICC Research raised their target price on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Barclays lifted their price objective on Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Bunge Global from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group lifted their target price on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.44.

Bunge Global Trading Up 1.8%

Shares of Bunge Global stock opened at $115.95 on Monday. The company’s 50-day moving average price is $100.06 and its 200-day moving average price is $91.38. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 0.74 and a beta of 0.78. Bunge Global SA has a 12-month low of $67.81 and a 12-month high of $121.64. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51.

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

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.