D.A. Davidson & CO. Decreases Holdings in Bunge Global SA $BG

D.A. Davidson & CO. reduced its stake in Bunge Global SA (NYSE:BG) by 39.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,607 shares of the basic materials company’s stock after selling 6,978 shares during the period. D.A. Davidson & CO.’s holdings in Bunge Global were worth $1,349,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. purchased a new stake in shares of Bunge Global during the 4th quarter valued at about $27,000. Global Trust Asset Management LLC purchased a new position in Bunge Global in the 1st quarter worth approximately $47,000. CYBER HORNET ETFs LLC purchased a new position in Bunge Global in the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new stake in Bunge Global in the second quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Bunge Global in the fourth quarter valued at approximately $35,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of BG stock opened at $124.04 on Thursday. The firm has a fifty day moving average of $118.53 and a two-hundred day moving average of $118.83. The firm has a market cap of $24.07 billion, a P/E ratio of 28.91 and a beta of 0.65. Bunge Global SA has a 1-year low of $74.95 and a 1-year high of $134.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69.

Bunge Global (NYSE:BG) last posted 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. The business had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period last year, the firm earned $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, research analysts anticipate that Bunge Global SA will post 9.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Barclays raised their price target on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, BMO Capital Markets boosted their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

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.