Punch & Associates Investment Management Inc. lowered its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,206 shares of the basic materials company’s stock after selling 7,846 shares during the quarter. Bunge Global makes up 1.3% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 23rd largest position. Punch & Associates Investment Management Inc. owned about 0.09% of Bunge Global worth $23,177,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quest 10 Wealth Builders Inc. purchased a new stake in Bunge Global in the 4th quarter worth $27,000. Global Trust Asset Management LLC purchased a new stake in shares of Bunge Global during the first quarter worth about $47,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth about $31,000. MUFG Securities EMEA plc purchased a new position in Bunge Global in the 2nd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Bunge Global during the 4th quarter worth approximately $35,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on BG. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. 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 research report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Finally, Barclays upped their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.
Bunge Global Trading Down 0.6%
Shares of BG stock opened at $121.55 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. Bunge Global SA has a twelve month low of $74.95 and a twelve month high of $134.87. The company’s 50-day moving average price is $118.50 and its 200-day moving average price is $119.05. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 28.33 and a beta of 0.65.
Bunge Global (NYSE:BG – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.86. The firm had revenue of $21.86 billion during 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%. Bunge Global’s revenue was up 87.8% compared to the same quarter last year. During the same period last year, the business earned $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities analysts predict that Bunge Global SA will post 9.74 earnings per share for the current year.
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.
Read More
- Five stocks we like better than Bunge Global
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG – Free Report).
Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.
