Cidel Asset Management Inc. Takes Position in Bunge Global SA $BG

Cidel Asset Management Inc. acquired a new stake in Bunge Global SA (NYSE:BG) in the 1st quarter, Holdings Channel.com reports. The fund acquired 5,397 shares of the basic materials company’s stock, valued at approximately $686,000.

Other large investors have also bought and sold shares of the company. Glencore plc raised its stake in shares of Bunge Global by 100.0% in the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after purchasing an additional 32,806,103 shares during the period. Vanguard Group Inc. boosted its position 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 worth $1,565,136,000 after buying an additional 777,805 shares during the period. HighTower Advisors LLC boosted its position in shares of Bunge Global by 86.5% during the third quarter. HighTower Advisors LLC now owns 40,330 shares of the basic materials company’s stock worth $3,277,000 after buying an additional 18,707 shares during the period. TD Asset Management Inc boosted its position in shares of Bunge Global by 67.4% during the third quarter. TD Asset Management Inc now owns 60,994 shares of the basic materials company’s stock worth $4,956,000 after buying an additional 24,565 shares during the period. Finally, Pacific Point Advisors LLC bought a new position in shares of Bunge Global during the fourth quarter worth about $1,436,000. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. upped their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. HSBC raised their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Price Performance

Shares of NYSE BG opened at $108.56 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The business has a 50-day moving average of $123.11 and a 200-day moving average of $115.64. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 25.31 and a beta of 0.62. Bunge Global SA has a fifty-two week low of $71.60 and a fifty-two week high of $134.87.

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

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.