Bunge Global SA $BG Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its holdings in shares of Bunge Global SA (NYSE:BG) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,145 shares of the basic materials company’s stock after selling 49,376 shares during the period. Pictet Asset Management Holding SA’s holdings in Bunge Global were worth $10,825,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Glencore plc boosted its stake in Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after purchasing an additional 32,806,103 shares during the period. Norges Bank purchased a new position in Bunge Global during the 4th quarter worth $152,610,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bunge Global by 168,119.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after purchasing an additional 1,165,071 shares during the period. Merewether Investment Management LP acquired a new position in Bunge Global in the third quarter valued at $74,888,000. Finally, Vanguard Group Inc. raised its holdings in shares of Bunge Global by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after buying an additional 777,805 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

Bunge Global stock opened at $106.54 on Friday. Bunge Global SA has a one year low of $71.60 and a one year high of $134.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The business has a fifty day moving average of $121.04 and a two-hundred day moving average of $116.24. The company has a market cap of $20.67 billion, a P/E ratio of 24.83 and a beta of 0.65.

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, topping analysts’ consensus estimates of $0.97 by $0.86. The business had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, analysts predict that Bunge Global SA will post 9.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BG shares. JPMorgan Chase & Co. increased their target price on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. UBS Group restated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Barclays upped their price objective on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, BMO Capital Markets lifted their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.