Sumitomo Mitsui Trust Group Inc. Boosts Stake in Bunge Global SA $BG

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Bunge Global SA (NYSE:BG) by 2.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 372,952 shares of the basic materials company’s stock after purchasing an additional 7,994 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Bunge Global were worth $47,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BG. United Services Automobile Association purchased a new position in Bunge Global in the 1st quarter worth $223,000. Woodline Partners LP increased its holdings 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 valued at $862,000 after purchasing an additional 2,893 shares during the period. Focus Partners Wealth raised its stake 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 purchasing an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Bunge Global by 1.1% during the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock worth $1,907,000 after purchasing an additional 263 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of NYSE BG opened at $114.29 on Monday. 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 stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 26.64 and a beta of 0.65. The firm’s 50 day simple moving average is $119.74 and its 200-day simple moving average is $117.15. Bunge Global SA has a 12 month low of $71.60 and a 12 month high of $134.87.

Bunge Global (NYSE:BG) last announced 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 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 firm’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Analysts expect that Bunge Global SA will post 9.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased 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. 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 report on Thursday, April 30th. BMO Capital Markets raised their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.