AustralianSuper Pty Ltd Sells 667,572 Shares of Bunge Global SA $BG

AustralianSuper Pty Ltd cut its stake in shares of Bunge Global SA (NYSE:BG) by 56.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,467 shares of the basic materials company’s stock after selling 667,572 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.27% of Bunge Global worth $41,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BG. Picton Mahoney Asset Management acquired a new position in shares of Bunge Global in the third quarter worth approximately $953,000. Victory Capital Management Inc. raised its holdings in Bunge Global by 845.7% during the 3rd quarter. Victory Capital Management Inc. now owns 216,781 shares of the basic materials company’s stock worth $17,613,000 after purchasing an additional 193,857 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Bunge Global by 2.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 120,015 shares of the basic materials company’s stock worth $9,751,000 after purchasing an additional 3,410 shares during the period. Tounjian Advisory Partners LLC bought a new stake in shares of Bunge Global in the 3rd quarter valued at $888,000. Finally, Rafferty Asset Management LLC boosted its stake in shares of Bunge Global by 4.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 11,935 shares of the basic materials company’s stock valued at $970,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 3.3%

Shares of Bunge Global stock opened at $116.65 on Wednesday. The stock has a market capitalization of $22.57 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75. Bunge Global SA has a 52 week low of $68.33 and a 52 week high of $124.78. The stock has a 50 day moving average price of $109.69 and a two-hundred day moving average price of $96.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. Bunge Global’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, CICC Research raised their price objective on shares of Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

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.