Illinois Municipal Retirement Fund Trims Stake in Bunge Global SA $BG

Illinois Municipal Retirement Fund cut its stake in Bunge Global SA (NYSE:BG) by 28.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,306 shares of the basic materials company’s stock after selling 23,105 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Bunge Global were worth $4,656,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Park Avenue Securities LLC raised its position in shares of Bunge Global by 3.9% in the 3rd quarter. Park Avenue Securities LLC now owns 2,898 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 109 shares in the last quarter. Spire Wealth Management grew its stake in Bunge Global by 20.5% in the third quarter. Spire Wealth Management now owns 681 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the period. SBI Securities Co. Ltd. raised its holdings in Bunge Global by 9.8% in the second quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 121 shares in the last quarter. M&T Bank Corp lifted its position in Bunge Global by 1.9% during the second quarter. M&T Bank Corp now owns 6,743 shares of the basic materials company’s stock valued at $541,000 after buying an additional 124 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of Bunge Global by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 28,841 shares of the basic materials company’s stock valued at $2,315,000 after buying an additional 157 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Up 0.7%

BG opened at $122.54 on Friday. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 0.78 and a beta of 0.78. The firm has a 50 day moving average price of $102.61 and a 200-day moving average price of $92.81. Bunge Global SA has a twelve month low of $68.33 and a twelve month high of $124.78. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BG. BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a research note on Thursday, February 5th. Bank of America raised their target price on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a report on Thursday, February 5th. UBS Group upped their price target on Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley lifted their price objective on Bunge Global from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.44.

Insider Activity at Bunge Global

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the transaction, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by insiders.

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.