Louisiana State Employees Retirement System Buys New Shares in Bunge Global SA $BG

Louisiana State Employees Retirement System bought a new position in shares of Bunge Global SA (NYSE:BG) during the 1st quarter, Holdings Channel.com reports. The firm bought 6,900 shares of the basic materials company’s stock, valued at approximately $878,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. United Services Automobile Association acquired a new position in shares of Bunge Global during the 1st quarter valued at about $223,000. Woodline Partners LP boosted its position in shares of Bunge Global by 34.5% in the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 2,893 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 494 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in Bunge Global by 1.1% in the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

BG opened at $106.54 on Monday. Bunge Global SA has a 52-week low of $71.60 and a 52-week high of $134.87. The company has a 50 day moving average of $121.04 and a two-hundred day moving average of $116.41. The company has a market cap of $20.67 billion, a P/E ratio of 24.83 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Morgan Stanley upped their price target on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target 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.