Cidel Asset Management Inc. Takes $686,000 Position in Bunge Global SA $BG

Cidel Asset Management Inc. purchased a new stake in Bunge Global SA (NYSE:BG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,397 shares of the basic materials company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. Hsbc Holdings PLC lifted its position in Bunge Global by 76.0% during the 4th quarter. Hsbc Holdings PLC now owns 92,925 shares of the basic materials company’s stock valued at $8,314,000 after purchasing an additional 40,134 shares during the period. Stance Capital LLC grew its position in shares of Bunge Global by 9,240.8% during the 4th quarter. Stance Capital LLC now owns 38,671 shares of the basic materials company’s stock worth $3,445,000 after buying an additional 38,257 shares during the period. World Investment Advisors acquired a new stake in shares of Bunge Global during the 4th quarter worth approximately $223,000. Corient Private Wealth LLC raised its stake in shares of Bunge Global by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 19,430 shares of the basic materials company’s stock worth $1,733,000 after buying an additional 2,625 shares during the last quarter. Finally, Compound Planning Inc. bought a new stake in shares of Bunge Global during the fourth quarter worth approximately $203,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Down 2.1%

BG opened at $108.56 on Thursday. The firm’s fifty day moving average is $123.11 and its two-hundred day moving average is $115.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The firm has a market cap of $21.06 billion, a PE ratio of 25.31 and a beta of 0.62. Bunge Global SA has a twelve month low of $71.60 and a twelve month high of $134.87.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. During the same period last year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities research analysts anticipate that Bunge Global SA will post 9.57 EPS for the current year.

Wall Street Analysts Forecast Growth

BG has been the topic of several analyst reports. Barclays increased their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley upped their target price on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. BMO Capital Markets increased their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. raised their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.67.

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.