California Public Employees Retirement System Trims Holdings in Bunge Global SA $BG

California Public Employees Retirement System trimmed its holdings in Bunge Global SA (NYSE:BG) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,052 shares of the basic materials company’s stock after selling 31,661 shares during the quarter. California Public Employees Retirement System’s holdings in Bunge Global were worth $32,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. BMO Capital Markets increased their target price on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Barclays raised their price target on 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. upped their price target on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Price Performance

BG opened at $121.48 on Wednesday. The company’s 50-day simple moving average is $118.57 and its two-hundred day simple moving average is $118.58. 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 stock has a market capitalization of $23.57 billion, a P/E ratio of 28.32 and a beta of 0.65. Bunge Global SA has a 52-week low of $74.35 and a 52-week 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 EPS 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 firm had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, analysts predict that Bunge Global SA will post 9.74 EPS for the current year.

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.