Gamco Investors INC. ET AL Grows Holdings in Bunge Global SA $BG

Gamco Investors INC. ET AL raised its stake in Bunge Global SA (NYSE:BG) by 11.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 57,577 shares of the basic materials company’s stock after purchasing an additional 5,903 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bunge Global were worth $4,678,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CoreCap Advisors LLC grew its position in Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Bunge Global during the third quarter valued at about $28,000. CYBER HORNET ETFs LLC bought a new stake in Bunge Global during the second quarter worth about $31,000. MUFG Securities EMEA plc purchased a new position in shares of Bunge Global in the 2nd quarter worth about $32,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Bunge Global by 57.7% in the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BG shares. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus target price of $120.90.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $118.92 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. Bunge Global SA has a one year low of $68.33 and a one year high of $124.78. The business’s 50 day simple moving average is $111.86 and its two-hundred day simple moving average is $97.21. The stock has a market capitalization of $23.01 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.74 and a beta of 0.75.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The firm had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

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.