Jennison Associates LLC Purchases New Shares in Bunge Global SA $BG

Jennison Associates LLC purchased a new position in Bunge Global SA (NYSE:BG) during the first quarter, Holdings Channel.com reports. The firm purchased 112,699 shares of the basic materials company’s stock, valued at approximately $14,335,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glencore plc lifted its position 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 acquiring an additional 32,806,103 shares in the last quarter. Vanguard Group Inc. boosted 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 purchasing an additional 777,805 shares during the period. Pacific Point Advisors LLC purchased a new position in Bunge Global during the 4th quarter worth approximately $1,436,000. KBC Group NV grew its position in Bunge Global by 35.9% during the 4th quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock worth $3,321,000 after purchasing an additional 9,849 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Bunge Global during the 4th quarter valued at $560,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on BG shares. Barclays increased their target price on 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 lifted their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. upped their price target on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Up 0.8%

BG opened at $121.48 on Wednesday. The company has a market capitalization of $23.57 billion, a PE ratio of 28.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. Bunge Global SA has a fifty-two week low of $74.35 and a fifty-two week high of $134.87. The business has a 50-day moving average of $118.57 and a 200-day moving average of $118.58.

Bunge Global (NYSE:BG) last announced 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 return on equity of 8.60% and a net margin of 0.85%.The business had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The firm’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 research analysts forecast that Bunge Global SA will post 9.74 EPS for the current fiscal year.

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.