Madison Asset Management LLC Takes $759,000 Position in Bunge Global SA $BG

Madison Asset Management LLC bought a new stake in shares of Bunge Global SA (NYSE:BG) in the 1st quarter, HoldingsChannel reports. The fund bought 5,969 shares of the basic materials company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amova Asset Management Americas Inc. increased its holdings in shares of Bunge Global by 4.9% in the 1st quarter. Amova Asset Management Americas Inc. now owns 9,730 shares of the basic materials company’s stock worth $1,237,000 after acquiring an additional 451 shares during the period. Meeder Advisory Services Inc. raised its holdings in Bunge Global by 6.7% during the first quarter. Meeder Advisory Services Inc. now owns 2,629 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 166 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Bunge Global in the first quarter valued at $41,195,000. Parallel Advisors LLC lifted its holdings in Bunge Global by 13.1% in the 1st quarter. Parallel Advisors LLC now owns 2,677 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 310 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Bunge Global by 3.5% during the first quarter. Swiss National Bank now owns 397,200 shares of the basic materials company’s stock worth $50,524,000 after buying an additional 13,500 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. BMO Capital Markets boosted their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Barclays increased their price objective on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Price Performance

NYSE:BG opened at $124.04 on Thursday. 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 company has a fifty day moving average price of $118.53 and a 200 day moving average price of $118.83. Bunge Global SA has a one year low of $74.95 and a one year high of $134.87. The stock has a market cap of $24.07 billion, a P/E ratio of 28.91 and a beta of 0.65.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The business had revenue of $21.86 billion for the quarter, compared to the consensus estimate of $23.38 billion. During the same period last year, the business earned $1.81 earnings per share. The firm’s revenue for the quarter was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Analysts anticipate that Bunge Global SA will post 9.74 earnings per share 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.