Victory Capital Management Inc. Raises Stock Position in Bunge Global SA $BG

Victory Capital Management Inc. lifted its stake in Bunge Global SA (NYSE:BG) by 845.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,781 shares of the basic materials company’s stock after purchasing an additional 193,857 shares during the period. Victory Capital Management Inc. owned 0.11% of Bunge Global worth $17,613,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BG. Kingsview Wealth Management LLC boosted its position in Bunge Global by 2.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 120,015 shares of the basic materials company’s stock valued at $9,751,000 after acquiring an additional 3,410 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in shares of Bunge Global during the third quarter valued at approximately $888,000. Rafferty Asset Management LLC grew its stake in Bunge Global by 4.8% in the third quarter. Rafferty Asset Management LLC now owns 11,935 shares of the basic materials company’s stock worth $970,000 after purchasing an additional 552 shares during the period. Huntington National Bank raised its holdings in Bunge Global by 244.5% in the third quarter. Huntington National Bank now owns 2,925 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Bunge Global by 6.8% in the third quarter. Handelsbanken Fonder AB now owns 26,600 shares of the basic materials company’s stock worth $2,161,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.8%

Bunge Global stock opened at $119.79 on Wednesday. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $124.78. The stock has a fifty day simple moving average of $112.47 and a two-hundred day simple moving average of $97.44. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.75 and a beta of 0.75.

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

Analyst Ratings Changes

BG has been the topic of a number of recent research reports. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Bank of America lifted their target price on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. UBS Group boosted their target price on Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus target price of $120.90.

About Bunge Global

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.