Bunge Global SA $BG Stock Holdings Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in Bunge Global SA (NYSE:BG) by 39.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,607 shares of the basic materials company’s stock after selling 6,978 shares during the quarter. D.A. Davidson & CO.’s holdings in Bunge Global were worth $1,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BG. Quest 10 Wealth Builders Inc. bought a new stake in shares of Bunge Global during the 4th quarter valued at about $27,000. Global Trust Asset Management LLC bought a new position in Bunge Global in the first quarter worth about $47,000. CYBER HORNET ETFs LLC bought a new position in Bunge Global in the second quarter worth about $31,000. MUFG Securities EMEA plc acquired a new position in Bunge Global in the second quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Bunge Global in the fourth quarter valued at approximately $35,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE BG opened at $124.04 on Thursday. Bunge Global SA has a 52 week low of $74.95 and a 52 week 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 market cap of $24.07 billion, a price-to-earnings ratio of 28.91 and a beta of 0.65. The company has a 50-day moving average price of $118.53 and a two-hundred day moving average price of $118.83.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. The company had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The business’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Analysts forecast that Bunge Global SA will post 9.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BG. Barclays increased their price target on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. BMO Capital Markets upped their price objective on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Finally, Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average target price of $132.67.

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.