Bunge Global SA $BG Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its stake in shares of Bunge Global SA (NYSE:BG) by 67.4% in the third quarter, Holdings Channel reports. The fund owned 60,994 shares of the basic materials company’s stock after purchasing an additional 24,565 shares during the period. TD Asset Management Inc’s holdings in Bunge Global were worth $4,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Glencore plc purchased a new stake in shares of Bunge Global during the 3rd quarter worth approximately $2,665,496,000. Bryce Point Capital LLC purchased a new position in Bunge Global in the 3rd quarter valued at approximately $535,000. Polianta Ltd acquired a new position in Bunge Global during the third quarter worth $1,560,000. AE Wealth Management LLC boosted its position in Bunge Global by 2.9% during the third quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after purchasing an additional 4,691 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Bunge Global by 719.2% in the third quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after purchasing an additional 266,827 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 3.3%

Shares of NYSE BG opened at $116.65 on Wednesday. The firm has a market cap of $22.57 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61. Bunge Global SA has a 1 year low of $68.33 and a 1 year high of $124.78. The firm’s 50 day moving average price is $109.69 and its 200 day moving average price is $96.24.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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 research report on Tuesday, February 3rd. Morgan Stanley increased their price target on shares of Bunge Global from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. Finally, UBS Group raised their price target on Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.44.

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.