Envestnet Asset Management Inc. Lowers Stake in Bunge Global SA $BG

Envestnet Asset Management Inc. cut its position in shares of Bunge Global SA (NYSE:BG) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,215 shares of the basic materials company’s stock after selling 15,607 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Bunge Global were worth $7,005,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in shares of Bunge Global by 2,000.0% during the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC acquired a new position in Bunge Global during the third quarter valued at approximately $28,000. CYBER HORNET ETFs LLC purchased a new stake in Bunge Global during the second quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new stake in shares of Bunge Global in the second quarter worth $32,000. Finally, Rakuten Securities Inc. raised its stake in shares of Bunge Global by 57.7% in the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 176 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of NYSE BG opened at $121.98 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. Bunge Global SA has a fifty-two week low of $68.33 and a fifty-two week high of $124.78. The business has a 50 day moving average price of $105.63 and a two-hundred day moving average price of $94.20. The firm has a market cap of $23.59 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BG. CICC Research increased their price target on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Morgan Stanley upped their target price on Bunge Global from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 target price on shares of Bunge Global in a report on Thursday, February 5th. Weiss Ratings upgraded Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, UBS Group lifted their price objective on shares of Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

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.