Bunge Global SA $BG Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of Bunge Global SA (NYSE:BG) by 25.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,143 shares of the basic materials company’s stock after selling 8,039 shares during the period. PNC Financial Services Group Inc.’s holdings in Bunge Global were worth $1,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. United Services Automobile Association acquired a new position in shares of Bunge Global in the 1st quarter worth approximately $223,000. Woodline Partners LP boosted its holdings in Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after buying an additional 2,893 shares in the last quarter. Focus Partners Wealth grew its position in Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after buying an additional 580 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of Bunge Global by 19.4% in the second quarter. Forum Financial Management LP now owns 3,920 shares of the basic materials company’s stock valued at $315,000 after buying an additional 637 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Bunge Global by 23.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,642 shares of the basic materials company’s stock valued at $35,134,000 after acquiring an additional 82,330 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent research reports. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. CICC Research boosted their price objective on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. 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 research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Bunge Global Stock Performance

Shares of BG opened at $121.98 on Monday. The company has a market capitalization of $23.60 billion, a PE ratio of 22.51, a PEG ratio of 0.77 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61. The company’s 50 day moving average price is $105.63 and its 200 day moving average price is $94.37. Bunge Global SA has a 52 week low of $68.33 and a 52 week high of $124.78.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same quarter last year, the business posted $2.13 EPS. The company’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Bunge Global SA will post 7.94 EPS 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.