American Trust Investment Advisors LLC lessened its position in shares of Bunge Global SA (NYSE:BG – Free Report) by 25.6% during the 3rd quarter, Holdings Channel reports. The firm owned 66,115 shares of the basic materials company’s stock after selling 22,729 shares during the quarter. Bunge Global comprises 2.8% of American Trust Investment Advisors LLC’s portfolio, making the stock its 10th largest holding. American Trust Investment Advisors LLC’s holdings in Bunge Global were worth $5,372,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of BG. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Bunge Global during the third quarter worth about $25,000. CoreCap Advisors LLC boosted its position in Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC acquired a new position in Bunge Global in the 3rd quarter worth approximately $28,000. CYBER HORNET ETFs LLC acquired a new position in Bunge Global in the 2nd quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new position in Bunge Global during the 2nd quarter worth approximately $32,000. 86.23% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have commented on the stock. Bank of America lifted their price objective on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings cut shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Citigroup restated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Morgan Stanley upped their price target on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $122.40.
Bunge Global Trading Down 0.9%
Bunge Global stock opened at $124.73 on Friday. The firm has a market cap of $24.14 billion, a PE ratio of 23.01, a P/E/G ratio of 0.79 and a beta of 0.75. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $127.24. The stock’s 50 day simple moving average is $114.51 and its two-hundred day simple moving average is $98.15. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51.
Bunge Global (NYSE:BG – Get Free Report) last posted its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The firm had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business’s quarterly revenue was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.
About Bunge Global
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.
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