Mitsubishi UFJ Asset Management Co. Ltd. Buys 18,045 Shares of Bunge Global SA $BG

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Bunge Global SA (NYSE:BG) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,267 shares of the basic materials company’s stock after acquiring an additional 18,045 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Bunge Global worth $22,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glencore plc bought a new position in shares of Bunge Global during the third quarter valued at approximately $2,665,496,000. Bryce Point Capital LLC bought a new stake in shares of Bunge Global in the 3rd quarter worth approximately $535,000. Polianta Ltd purchased a new stake in shares of Bunge Global in the 3rd quarter worth approximately $1,560,000. AE Wealth Management LLC grew its stake in shares of Bunge Global by 2.9% in the 3rd quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after buying an additional 4,691 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Bunge Global by 719.2% during the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after buying an additional 266,827 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 0.8%

Bunge Global stock opened at $120.39 on Monday. Bunge Global SA has a one year low of $68.33 and a one year high of $124.78. The business’s fifty day moving average is $108.51 and its 200 day moving average is $95.72. The stock has a market capitalization of $23.30 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.17. The firm had revenue of $23.76 billion during the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The firm’s quarterly revenue was up 75.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. CICC Research lifted their price target on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. UBS Group upped their price target on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a research report on Thursday, February 5th. Finally, Barclays lifted their target price 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. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.44.

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.