Louisiana State Employees Retirement System Invests $878,000 in Bunge Global SA $BG

Louisiana State Employees Retirement System purchased a new stake in Bunge Global SA (NYSE:BG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,900 shares of the basic materials company’s stock, valued at approximately $878,000.

A number of other institutional investors have also recently modified their holdings of BG. United Services Automobile Association purchased a new stake in shares of Bunge Global during the 1st quarter worth $223,000. Woodline Partners LP increased its holdings in shares of Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after purchasing an additional 2,893 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Bunge Global by 16.7% in the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 494 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in Bunge Global by 1.1% during the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock worth $1,907,000 after buying an additional 263 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

NYSE:BG opened at $106.54 on Monday. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 24.83 and a beta of 0.65. 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’s 50-day moving average is $121.04 and its two-hundred day moving average is $116.41. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $134.87.

Bunge Global (NYSE:BG) last issued 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 business had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Research analysts expect that Bunge Global SA will post 9.57 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Barclays raised their price objective on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, UBS Group reiterated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.