Bunge Global SA $BG Position Trimmed by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 5.8% during the first quarter, Holdings Channel reports. The firm owned 157,172 shares of the basic materials company’s stock after selling 9,604 shares during the quarter. California State Teachers Retirement System’s holdings in Bunge Global were worth $19,992,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Glencore plc lifted its holdings in Bunge Global by 100.0% in the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after acquiring an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares during the last quarter. Pacific Point Advisors LLC bought a new position in shares of Bunge Global during the fourth quarter valued at approximately $1,436,000. KBC Group NV raised its position in shares of Bunge Global by 35.9% during the 4th quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock worth $3,321,000 after purchasing an additional 9,849 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Bunge Global during the 4th quarter worth approximately $560,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

NYSE BG opened at $106.09 on Friday. The company has a 50-day moving average price of $117.43 and a two-hundred day moving average price of $119.60. Bunge Global SA has a 52 week low of $76.01 and a 52 week high of $134.87. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 20.60 and a beta of 0.65. The company has a current ratio of 1.57, a quick ratio of 0.69 and a debt-to-equity ratio of 0.54.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $24.04 billion for the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The business’s revenue for the quarter was up 88.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Analysts forecast that Bunge Global SA will post 9.74 EPS for the current year.

Analysts Set New Price Targets

BG has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Barclays increased their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Company 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.