Sumitomo Mitsui Trust Group Inc. Acquires 7,994 Shares of Bunge Global SA $BG

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Bunge Global SA (NYSE:BG) by 2.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 372,952 shares of the basic materials company’s stock after purchasing an additional 7,994 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Bunge Global worth $47,439,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BG. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global during the fourth quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new position in Bunge Global in the first quarter worth approximately $47,000. CYBER HORNET ETFs LLC bought a new position in Bunge Global in the second quarter worth approximately $31,000. MUFG Securities EMEA plc purchased a new stake in Bunge Global during the second quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Bunge Global during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG stock opened at $114.29 on Monday. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $134.87. The business’s fifty day simple moving average is $119.74 and its 200-day simple moving average is $117.15. 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 company has a market cap of $22.17 billion, a PE ratio of 26.64 and a beta of 0.65.

Bunge Global (NYSE:BG) last posted its quarterly earnings data 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 return on equity of 8.60% and a net margin of 0.85%.The firm had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. During the same quarter last year, the firm earned $1.81 EPS. The business’s quarterly revenue was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Analysts expect that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. BMO Capital Markets raised their price objective on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. lifted their target price on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Barclays boosted their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global 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.