Managed Asset Portfolios LLC Trims Stock Holdings in Bunge Global SA $BG

Managed Asset Portfolios LLC cut its position in shares of Bunge Global SA (NYSE:BG) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,712 shares of the basic materials company’s stock after selling 36,106 shares during the quarter. Bunge Global makes up 2.6% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 19th largest position. Managed Asset Portfolios LLC’s holdings in Bunge Global were worth $21,102,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. United Services Automobile Association purchased a new position in shares of Bunge Global during the 1st quarter worth about $223,000. Woodline Partners LP raised its stake in Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 2,893 shares during the period. Focus Partners Wealth raised its stake in Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 580 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Bunge Global by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,822 shares of the basic materials company’s stock valued at $8,174,000 after purchasing an additional 4,525 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Bunge Global by 86.0% during the 2nd quarter. Bessemer Group Inc. now owns 1,438 shares of the basic materials company’s stock valued at $115,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. CICC Research lifted their price objective on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Citigroup restated a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. UBS Group boosted their price objective on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Barclays lifted their target price on shares of Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Bank of America increased their price target on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Bunge Global Price Performance

BG stock opened at $116.65 on Wednesday. The stock’s 50 day moving average is $109.69 and its two-hundred day moving average is $96.24. Bunge Global SA has a 52-week low of $68.33 and a 52-week high of $124.78. The company has a market capitalization of $22.57 billion, a PE ratio of 21.52, a P/E/G ratio of 0.77 and a beta of 0.75. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

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