DoubleLine ETF Adviser LP Takes $570,000 Position in Bunge Global SA $BG

DoubleLine ETF Adviser LP acquired a new position in Bunge Global SA (NYSE:BG) during the third quarter, HoldingsChannel.com reports. The fund acquired 7,016 shares of the basic materials company’s stock, valued at approximately $570,000.

Several other large investors have also recently modified their holdings of the company. Calydon Capital grew its holdings in Bunge Global by 3,045.7% in the third quarter. Calydon Capital now owns 83,423 shares of the basic materials company’s stock worth $6,778,000 after purchasing an additional 80,771 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its holdings in shares of Bunge Global by 0.7% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 71,470 shares of the basic materials company’s stock valued at $5,807,000 after purchasing an additional 480 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of Bunge Global by 140.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 14,449 shares of the basic materials company’s stock worth $1,174,000 after purchasing an additional 8,439 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Bunge Global by 34.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 398,271 shares of the basic materials company’s stock worth $32,356,000 after purchasing an additional 100,991 shares in the last quarter. Finally, Creative Planning grew its stake in Bunge Global by 13.8% during the 3rd quarter. Creative Planning now owns 12,959 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 1,576 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $124.73 on Monday. The stock has a 50-day moving average of $114.51 and a two-hundred day moving average of $98.25. Bunge Global SA has a one year low of $68.33 and a one year high of $127.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61. The stock has a market cap of $24.14 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.79 and a beta of 0.75.

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

Analyst Ratings Changes

Several brokerages recently issued reports on BG. Barclays upped their target price on Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings downgraded shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Bank of America lifted their target price on shares of Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. UBS Group reissued a “buy” rating on shares of Bunge Global in a research report on Wednesday. Finally, Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $122.40.

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.