Van ECK Associates Corp Sells 202,300 Shares of Bunge Global SA $BG

Van ECK Associates Corp lessened its holdings in Bunge Global SA (NYSE:BG) by 38.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 318,652 shares of the basic materials company’s stock after selling 202,300 shares during the quarter. Van ECK Associates Corp’s holdings in Bunge Global were worth $25,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Park Avenue Securities LLC grew its position in shares of Bunge Global by 3.9% during the third quarter. Park Avenue Securities LLC now owns 2,898 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 109 shares in the last quarter. Spire Wealth Management boosted its stake in Bunge Global by 20.5% in the 3rd quarter. Spire Wealth Management now owns 681 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Bunge Global by 4.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock valued at $226,000 after buying an additional 120 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Bunge Global by 9.8% during the second quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock valued at $109,000 after buying an additional 121 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Bunge Global by 1.9% in the second quarter. M&T Bank Corp now owns 6,743 shares of the basic materials company’s stock worth $541,000 after buying an additional 124 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on BG shares. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Finally, HSBC raised their target price on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.40.

Bunge Global Trading Up 2.5%

Shares of NYSE BG opened at $122.79 on Thursday. Bunge Global SA has a 1-year low of $68.33 and a 1-year high of $124.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The business’s 50 day moving average is $113.14 and its two-hundred day moving average is $97.61. The stock has a market capitalization of $23.76 billion, a P/E ratio of 22.66, a PEG ratio of 0.76 and a beta of 0.75.

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

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.