QRG Capital Management Inc. Acquires 10,362 Shares of Bunge Global SA $BG

QRG Capital Management Inc. increased its holdings in shares of Bunge Global SA (NYSE:BG) by 242.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,639 shares of the basic materials company’s stock after buying an additional 10,362 shares during the period. QRG Capital Management Inc.’s holdings in Bunge Global were worth $1,862,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in shares of Bunge Global during the first quarter worth $223,000. Woodline Partners LP raised its position in Bunge Global by 34.5% during the 1st 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 during the last quarter. Focus Partners Wealth lifted its holdings in Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after buying an additional 580 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Bunge Global by 118.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock worth $73,000 after buying an additional 494 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Bunge Global by 1.1% in the 2nd quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after buying an additional 263 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Up 2.0%

Shares of BG stock opened at $110.97 on Wednesday. Bunge Global SA has a fifty-two week low of $71.60 and a fifty-two week high of $134.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The stock has a 50 day simple moving average of $120.41 and a two-hundred day simple moving average of $116.65. The company has a market cap of $21.53 billion, a P/E ratio of 25.87 and a beta of 0.65.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. The firm had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Research analysts forecast that Bunge Global SA will post 9.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley upped their target price on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. raised their price target on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Barclays upped their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets lifted their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

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.