Bunge Global SA $BG Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in shares of Bunge Global SA (NYSE:BG) by 22.7% during the 4th quarter, HoldingsChannel reports. The fund owned 14,308 shares of the basic materials company’s stock after selling 4,206 shares during the period. Nordea Investment Management AB’s holdings in Bunge Global were worth $1,279,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. United Services Automobile Association purchased a new position in shares of Bunge Global in the 1st quarter valued at about $223,000. Woodline Partners LP boosted its position in Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 2,893 shares in the last quarter. Focus Partners Wealth grew its holdings in Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 580 shares during the period. Creative Planning grew its holdings in Bunge Global by 18.5% in the second quarter. Creative Planning now owns 11,383 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 1,777 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Bunge Global by 3.8% in the second quarter. American Century Companies Inc. now owns 301,666 shares of the basic materials company’s stock valued at $24,218,000 after buying an additional 11,126 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent analyst reports. Weiss Ratings lowered Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Barclays boosted their price target 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. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. 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 research report on Thursday, January 8th. Finally, HSBC boosted their target price on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.10.

Bunge Global Trading Up 2.3%

Shares of BG opened at $128.66 on Friday. Bunge Global SA has a 52-week low of $68.33 and a 52-week high of $131.50. The stock has a market cap of $24.90 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. The firm’s fifty day moving average is $119.22 and its two-hundred day moving average is $100.98. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. The business 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 company’s quarterly revenue was up 75.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.