Principal Financial Group Inc. Purchases 6,099 Shares of Bunge Global SA $BG

Principal Financial Group Inc. grew its holdings in Bunge Global SA (NYSE:BG) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,209 shares of the basic materials company’s stock after acquiring an additional 6,099 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Bunge Global worth $23,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Glencore plc raised its stake in Bunge Global by 100.0% in 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 in the last quarter. Norges Bank bought a new position in shares of Bunge Global during the fourth quarter worth approximately $152,610,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bunge Global by 168,119.9% during 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 worth $103,846,000 after purchasing an additional 1,165,071 shares during the period. Merewether Investment Management LP acquired a new stake in shares of Bunge Global in the third quarter valued at approximately $74,888,000. Finally, Vanguard Group Inc. raised its position 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 in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on BG. BMO Capital Markets lifted their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Barclays upped their price target on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Trading Up 1.2%

NYSE BG opened at $120.58 on Tuesday. The firm has a market capitalization of $23.40 billion, a P/E ratio of 28.11 and a beta of 0.65. The business has a fifty day simple moving average of $118.67 and a 200 day simple moving average of $118.36. Bunge Global SA has a 12 month low of $74.14 and a 12 month high of $134.87. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. During the same period last year, the firm earned $1.81 EPS. Bunge Global’s revenue for the quarter was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, analysts predict that Bunge Global SA will post 9.61 EPS 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.