Bunge Global SA $BG Shares Acquired by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in Bunge Global SA (NYSE:BG) by 67.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,994 shares of the basic materials company’s stock after acquiring an additional 24,565 shares during the period. TD Asset Management Inc’s holdings in Bunge Global were worth $4,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Glencore plc purchased a new position in shares of Bunge Global during the 3rd quarter worth $2,665,496,000. Norges Bank purchased a new position in Bunge Global during the second quarter worth about $149,380,000. Ilex Capital Partners UK LLP raised its stake in shares of Bunge Global by 383.7% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 891,673 shares of the basic materials company’s stock valued at $71,584,000 after acquiring an additional 707,336 shares during the period. Voya Investment Management LLC boosted its position in shares of 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 worth $24,694,000 after purchasing an additional 266,827 shares during the period. Finally, Moore Capital Management LP purchased a new stake in Bunge Global in the second quarter valued at approximately $12,463,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BG shares. Citigroup restated a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Bunge Global in a report on Thursday, February 5th. Barclays increased 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. JPMorgan Chase & Co. upped their price objective on Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Bank of America lifted their target price on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Bunge Global Stock Performance

NYSE BG opened at $116.65 on Wednesday. The company has a fifty day moving average of $109.69 and a two-hundred day moving average of $96.24. The company has a market capitalization of $22.57 billion, a PE ratio of 21.52, a P/E/G ratio of 0.77 and a beta of 0.75. Bunge Global SA has a 1 year low of $68.33 and a 1 year high of $124.78. 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 announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.69% and a net margin of 1.16%.The business’s revenue was up 75.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts expect that Bunge Global SA will post 7.94 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.