Lansforsakringar Fondforvaltning AB publ Acquires 7,854 Shares of Bunge Global SA $BG

Lansforsakringar Fondforvaltning AB publ grew its holdings in Bunge Global SA (NYSE:BG) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,600 shares of the basic materials company’s stock after purchasing an additional 7,854 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Bunge Global were worth $6,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Glencore plc grew its holdings in shares of 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 purchasing an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. increased its stake in Bunge Global by 4.6% in the 4th 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. Capital World Investors lifted its holdings in Bunge Global by 2.5% during the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after buying an additional 402,320 shares in the last quarter. State Street Corp lifted its holdings in Bunge Global by 0.3% during the 4th quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after buying an additional 18,819 shares in the last quarter. Finally, FIL Ltd boosted its position in Bunge Global by 8.0% in the 4th quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock valued at $216,112,000 after buying an additional 179,850 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Up 1.6%

NYSE BG opened at $106.54 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 24.83 and a beta of 0.65. The company’s 50-day simple moving average is $121.42 and its two-hundred day simple moving average is $116.31. Bunge Global SA has a one year low of $71.60 and a one year high of $134.87.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. UBS Group restated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

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.