Foster & Motley Inc. Cuts Stake in Bunge Global SA $BG

Foster & Motley Inc. lessened its position in Bunge Global SA (NYSE:BG) by 34.9% in the 4th quarter, Holdings Channel reports. The fund owned 16,551 shares of the basic materials company’s stock after selling 8,862 shares during the period. Foster & Motley Inc.’s holdings in Bunge Global were worth $1,474,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BG. Glencore plc acquired a new stake in Bunge Global in the third quarter valued at about $2,665,496,000. Bryce Point Capital LLC acquired a new position in Bunge Global during the 3rd quarter worth approximately $535,000. Polianta Ltd acquired a new position in Bunge Global during the 3rd quarter worth approximately $1,560,000. AE Wealth Management LLC raised its stake in shares of Bunge Global by 2.9% during the 3rd quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after buying an additional 4,691 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake 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 worth $24,694,000 after buying an additional 266,827 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG opened at $127.14 on Wednesday. Bunge Global SA has a 1-year low of $68.33 and a 1-year high of $131.50. The stock has a market cap of $24.60 billion, a P/E ratio of 23.46, a P/E/G ratio of 0.79 and a beta of 0.75. The stock’s 50 day simple moving average is $119.93 and its 200 day simple moving average is $101.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 firm 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%.Bunge Global’s revenue was up 75.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on BG shares. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. BMO Capital Markets increased their price objective on Bunge Global from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Bank of America raised their target price on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Morgan Stanley upped their price target on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.10.

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.