Lansforsakringar Fondforvaltning AB publ Increases Position in Bunge Global SA $BG

Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Bunge Global SA (NYSE:BG) by 18.0% in the first quarter, HoldingsChannel reports. The firm owned 51,600 shares of the basic materials company’s stock after buying an additional 7,854 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Bunge Global were worth $6,563,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in Bunge Global during the first quarter valued at about $205,000. Aaron Wealth Advisors LLC bought a new position in Bunge Global in the first quarter worth about $430,000. Louisiana State Employees Retirement System purchased a new stake in shares of Bunge Global during the first quarter valued at about $878,000. Contravisory Investment Management Inc. lifted its position in shares of Bunge Global by 968.3% during the first quarter. Contravisory Investment Management Inc. now owns 9,422 shares of the basic materials company’s stock valued at $1,198,000 after buying an additional 8,540 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Bunge Global in the 1st quarter valued at about $220,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BG shares. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. BMO Capital Markets raised their target price on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Barclays lifted their price target on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley upped their price target on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. Finally, Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Stock Performance

Shares of BG stock opened at $106.54 on Friday. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of 24.83 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The business has a fifty day moving average of $121.42 and a 200 day moving average of $116.31. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $134.87.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.86. The business had revenue of $21.86 billion for 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 quarterly revenue was up 87.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, research analysts expect that Bunge Global SA will post 9.57 earnings per share for the current year.

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.