Madison Asset Management LLC Takes $2.08 Million Position in Bunge Global SA $BG

Madison Asset Management LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) in the second quarter, Holdings Channel.com reports. The fund purchased 19,456 shares of the basic materials company’s stock, valued at approximately $2,077,000.

Several other institutional investors and hedge funds have also modified their holdings of BG. Vanguard Group Inc. boosted its position in 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. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Bunge Global by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,285 shares of the basic materials company’s stock worth $26,336,000 after buying an additional 8,018 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Bunge Global by 4,973.8% in the 1st quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock valued at $5,402,000 after acquiring an additional 41,631 shares during the last quarter. Prudential PLC boosted its holdings in shares of Bunge Global by 140.6% during the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company’s stock valued at $1,251,000 after acquiring an additional 8,203 shares in the last quarter. Finally, U S Global Investors Inc. bought a new stake in Bunge Global during the 4th quarter worth $356,000. 86.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $105.53 per share, with a total value of $527,650.00. Following the purchase, the director owned 13,320 shares in the company, valued at $1,405,659.60. This represents a 60.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Bunge Global Stock Performance

Shares of BG opened at $116.61 on Friday. Bunge Global SA has a 12 month low of $76.01 and a 12 month high of $134.87. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $113.36 and its two-hundred day simple moving average is $119.75. The stock has a market capitalization of $22.40 billion, a P/E ratio of 22.64 and a beta of 0.65.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.97 by $0.03. The business had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The firm’s revenue was up 88.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, analysts predict that Bunge Global SA will post 9.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays lifted their price target on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. BMO Capital Markets restated an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

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.