Illinois Municipal Retirement Fund Lowers Stock Position in Bunge Global SA $BG

Illinois Municipal Retirement Fund lessened its stake in Bunge Global SA (NYSE:BG) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,306 shares of the basic materials company’s stock after selling 23,105 shares during the period. Illinois Municipal Retirement Fund’s holdings in Bunge Global were worth $4,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC grew 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 worth $26,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC bought a new stake in Bunge Global during the third quarter worth about $28,000. CYBER HORNET ETFs LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in shares of Bunge Global during the 2nd quarter valued at about $32,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Bunge Global by 57.7% during the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock valued at $39,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BG shares. Barclays upped their target price on Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Morgan Stanley increased their target price on shares of Bunge Global from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Bank of America lifted their target price on shares of Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Citigroup restated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $122.54 on Friday. The company’s fifty day simple moving average is $102.61 and its two-hundred day simple moving average is $92.81. Bunge Global SA has a 12-month low of $68.33 and a 12-month high of $124.78. The firm has a market cap of $23.69 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. 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 posted its 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. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The company had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Bunge Global’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Insider Buying and Selling at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the sale, the vice president owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.80% of the company’s stock.

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.