Bunge Global SA $BG Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Bunge Global SA (NYSE:BG) by 94.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 180,496 shares of the basic materials company’s stock after purchasing an additional 87,571 shares during the quarter. Hsbc Holdings PLC’s holdings in Bunge Global were worth $23,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BG. Glencore plc boosted its holdings in shares of Bunge Global by 100.0% during the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after acquiring an additional 32,806,103 shares during the period. Vanguard Group Inc. raised its holdings in shares of Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after purchasing an additional 777,805 shares in the last quarter. Capital World Investors raised its holdings in shares of Bunge Global by 2.5% in the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after purchasing an additional 402,320 shares in the last quarter. State Street Corp lifted its stake in Bunge Global by 0.3% during the fourth quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after purchasing an additional 18,819 shares during the last quarter. Finally, FIL Ltd lifted its stake in Bunge Global by 8.0% during the fourth quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock valued at $216,112,000 after purchasing an additional 179,850 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on BG shares. BMO Capital Markets lifted their price target 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 raised their price objective on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. Finally, Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Stock Up 0.8%

BG stock opened at $121.48 on Wednesday. Bunge Global SA has a 52-week low of $74.35 and a 52-week high of $134.87. The company’s 50 day simple moving average is $118.57 and its 200-day simple moving average is $118.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The firm has a market capitalization of $23.57 billion, a P/E ratio of 28.32 and a beta of 0.65.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, beating 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 business had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The firm’s quarterly revenue was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities research analysts anticipate that Bunge Global SA will post 9.74 EPS for the current year.

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.