Nordea Investment Management AB Decreases Stock Position in Bunge Global SA $BG

Nordea Investment Management AB decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 22.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,308 shares of the basic materials company’s stock after selling 4,206 shares during the period. Nordea Investment Management AB’s holdings in Bunge Global were worth $1,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Glencore plc acquired a new stake in Bunge Global during the 3rd quarter worth about $2,665,496,000. Bryce Point Capital LLC acquired a new position in shares of Bunge Global in the third quarter valued at about $535,000. Polianta Ltd purchased a new position in shares of Bunge Global in the third quarter worth about $1,560,000. AE Wealth Management LLC raised its stake in shares of Bunge Global by 2.9% in the third quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after purchasing an additional 4,691 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Bunge Global by 719.2% during the third quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock worth $24,694,000 after purchasing an additional 266,827 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America upped their target price on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Citigroup reissued a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Barclays lifted their price objective on shares of Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $124.10.

Bunge Global Stock Up 2.3%

Bunge Global stock opened at $128.66 on Friday. The business’s 50-day moving average price is $119.22 and its 200 day moving average price is $100.98. 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 firm has a market cap of $24.90 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. Bunge Global SA has a 52 week low of $68.33 and a 52 week high of $131.50.

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

Bunge Global Company 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.