Allianz Asset Management GmbH Lowers Stock Holdings in Bunge Global SA $BG

Allianz Asset Management GmbH reduced its position in Bunge Global SA (NYSE:BG) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,900 shares of the basic materials company’s stock after selling 21,196 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.09% of Bunge Global worth $15,104,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BG. Glencore plc purchased a new stake in Bunge Global during the 3rd quarter worth approximately $2,665,496,000. Geode Capital Management LLC grew its stake in shares of Bunge Global by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock worth $282,683,000 after acquiring an additional 80,082 shares in the last quarter. LSV Asset Management grew its stake in shares of Bunge Global by 2.1% in the second quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after acquiring an additional 43,343 shares in the last quarter. Norges Bank purchased a new stake in shares of Bunge Global during the second quarter worth $149,380,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bunge Global by 6.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,702,989 shares of the basic materials company’s stock valued at $136,716,000 after acquiring an additional 99,320 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $115.95 on Friday. The stock has a 50 day moving average price of $100.06 and a 200 day moving average price of $91.29. The company has a quick ratio of 0.83, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. Bunge Global SA has a 52-week low of $67.81 and a 52-week high of $121.64.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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. The company had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The firm’s revenue for the quarter was up 75.5% on a year-over-year basis. During the same quarter last year, the company earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the sale, the vice president directly owned 104,537 shares of the company’s stock, valued at $9,865,156.69. The trade was a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on BG shares. Weiss Ratings raised Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Barclays boosted their price objective on Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group upped their target price on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a research note on Thursday. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $121.44.

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.