Aberdeen Group plc Reduces Holdings in Bunge Global SA $BG

Aberdeen Group plc decreased its stake in shares of Bunge Global SA (NYSE:BG) by 54.8% during the third quarter, HoldingsChannel reports. The firm owned 56,855 shares of the basic materials company’s stock after selling 68,804 shares during the quarter. Aberdeen Group plc’s holdings in Bunge Global were worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Glencore plc acquired a new stake in Bunge Global during the 3rd quarter worth about $2,665,496,000. Norges Bank purchased a new stake in shares of Bunge Global in the second quarter valued at approximately $149,380,000. Ilex Capital Partners UK LLP grew its holdings in shares of Bunge Global by 383.7% in the second quarter. Ilex Capital Partners UK LLP now owns 891,673 shares of the basic materials company’s stock valued at $71,584,000 after purchasing an additional 707,336 shares during the period. Voya Investment Management LLC raised its position in shares of Bunge Global by 719.2% during the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after buying an additional 266,827 shares during the period. Finally, Moore Capital Management LP purchased a new stake in Bunge Global in the 2nd quarter valued at about $12,463,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BG shares. Barclays increased their price target on shares of Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. CICC Research increased their price objective on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Weiss Ratings upgraded shares of Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Finally, Morgan Stanley upped their price target on shares of Bunge Global from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.44.

Bunge Global Price Performance

BG stock opened at $121.98 on Friday. Bunge Global SA has a 52-week low of $68.33 and a 52-week high of $124.78. The stock’s fifty day simple moving average is $105.63 and its 200-day simple moving average is $94.20. 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 stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $23 billion. During the same period last year, the company earned $2.13 earnings per share. The company’s quarterly 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. Equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current 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.