Bunge Global SA $BG Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in shares of Bunge Global SA (NYSE:BG) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,215 shares of the basic materials company’s stock after selling 15,607 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Bunge Global were worth $7,005,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in Bunge Global during the third quarter worth $41,000. Principal Financial Group Inc. raised its holdings in shares of Bunge Global by 11.5% during the third quarter. Principal Financial Group Inc. now owns 170,949 shares of the basic materials company’s stock worth $13,890,000 after purchasing an additional 17,620 shares during the period. Gitterman Wealth Management LLC lifted its position in shares of Bunge Global by 24.9% in the 3rd quarter. Gitterman Wealth Management LLC now owns 2,951 shares of the basic materials company’s stock worth $240,000 after buying an additional 589 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Bunge Global by 2.3% in the 3rd quarter. Keybank National Association OH now owns 18,332 shares of the basic materials company’s stock valued at $1,489,000 after buying an additional 419 shares during the period. Finally, National Pension Service grew its position in shares of Bunge Global by 19.2% during the 3rd quarter. National Pension Service now owns 70,665 shares of the basic materials company’s stock valued at $5,742,000 after buying an additional 11,399 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. UBS Group raised their price target on Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Finally, Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Bunge Global Stock Down 1.2%

BG opened at $121.98 on Friday. The stock’s 50 day moving average price is $105.63 and its 200 day moving average price is $94.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The stock has a market cap of $23.59 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.78 and a beta of 0.78. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $124.78.

Bunge Global (NYSE:BG) last released its quarterly 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. The company had revenue of $23.76 billion during the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company’s revenue for the quarter was up 75.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current 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.