ProShare Advisors LLC Reduces Stake in Bunge Global SA $BG

ProShare Advisors LLC cut its holdings in shares of Bunge Global SA (NYSE:BG) by 39.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,527 shares of the basic materials company’s stock after selling 15,822 shares during the quarter. ProShare Advisors LLC’s holdings in Bunge Global were worth $1,993,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BG. CoreCap Advisors LLC increased its stake in shares of 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 during the period. Root Financial Partners LLC acquired a new stake in Bunge Global during the 3rd quarter worth about $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new position in shares of Bunge Global in the 2nd quarter valued at about $32,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Bunge Global by 57.7% in the second quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock worth $39,000 after buying an additional 176 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of NYSE BG opened at $122.54 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61. The firm has a fifty day moving average of $102.61 and a 200 day moving average of $92.81. The firm has a market cap of $23.69 billion, a PE ratio of 22.61, a PEG ratio of 0.78 and a beta of 0.78. Bunge Global SA has a one year low of $68.33 and a one year high of $124.78.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BG. Weiss Ratings upgraded Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. CICC Research boosted their target price on shares of Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Barclays increased their price target on shares of Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Insider Transactions at Bunge Global

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the transaction, the vice president owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.