Picton Mahoney Asset Management Makes New Investment in Bunge Global SA $BG

Picton Mahoney Asset Management acquired a new stake in Bunge Global SA (NYSE:BG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,731 shares of the basic materials company’s stock, valued at approximately $953,000.

Other institutional investors also recently modified their holdings of the company. Glencore plc acquired a new position in shares of Bunge Global during the third quarter worth approximately $2,665,496,000. Vanguard Group Inc. increased its holdings in shares of Bunge Global by 0.7% in the third quarter. Vanguard Group Inc. now owns 16,792,204 shares of the basic materials company’s stock valued at $1,364,367,000 after purchasing an additional 125,001 shares in the last quarter. Geode Capital Management LLC raised its position in Bunge Global by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock worth $282,683,000 after purchasing an additional 80,082 shares during the last quarter. LSV Asset Management raised its position in Bunge Global by 2.1% in the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after purchasing an additional 43,343 shares during the last quarter. Finally, Norges Bank acquired a new position in Bunge Global during the 2nd quarter worth $149,380,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Up 3.1%

Shares of Bunge Global stock opened at $116.70 on Friday. Bunge Global SA has a 1 year low of $68.33 and a 1 year high of $124.78. The business has a 50-day moving average of $111.27 and a two-hundred day moving average of $96.74. The company has a market capitalization of $22.58 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75. 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 (NYSE:BG) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $23 billion. During the same quarter last year, the firm posted $2.13 earnings per share. Bunge Global’s 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. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

BG has been the subject of several analyst reports. HSBC lifted their price target on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday. Bank of America raised their price objective 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. UBS Group lifted their target price on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $120.90.

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.