Contravisory Investment Management Inc. Buys 8,540 Shares of Bunge Global SA $BG

Contravisory Investment Management Inc. raised its stake in shares of Bunge Global SA (NYSE:BG) by 968.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,422 shares of the basic materials company’s stock after purchasing an additional 8,540 shares during the period. Contravisory Investment Management Inc.’s holdings in Bunge Global were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BG. Glencore plc raised its holdings in Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after buying an additional 32,806,103 shares during the period. Vanguard Group Inc. boosted its stake in Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after buying an additional 777,805 shares during the period. Capital World Investors increased its position in Bunge Global by 2.5% during the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after acquiring an additional 402,320 shares during the last quarter. State Street Corp increased its position in Bunge Global by 0.3% during the fourth quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after acquiring an additional 18,819 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of Bunge Global by 8.0% in the fourth quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock valued at $216,112,000 after acquiring an additional 179,850 shares during the period. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BG. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Barclays upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets boosted their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Up 2.1%

NYSE:BG opened at $111.30 on Friday. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 25.94 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. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $122.88 and a 200-day simple moving average of $115.77.

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