Victory Capital Management Inc. Buys 193,857 Shares of Bunge Global SA $BG

Victory Capital Management Inc. grew its position in shares of Bunge Global SA (NYSE:BG) by 845.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 216,781 shares of the basic materials company’s stock after acquiring an additional 193,857 shares during the quarter. Victory Capital Management Inc.’s holdings in Bunge Global were worth $17,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BG. Kingsview Wealth Management LLC increased its position in Bunge Global by 2.9% during the third quarter. Kingsview Wealth Management LLC now owns 120,015 shares of the basic materials company’s stock valued at $9,751,000 after acquiring an additional 3,410 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in shares of Bunge Global during the 3rd quarter valued at about $888,000. Rafferty Asset Management LLC increased its position in shares of Bunge Global by 4.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 11,935 shares of the basic materials company’s stock valued at $970,000 after purchasing an additional 552 shares during the last quarter. Huntington National Bank lifted its stake in shares of Bunge Global by 244.5% in the 3rd quarter. Huntington National Bank now owns 2,925 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 2,076 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Bunge Global by 6.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the basic materials company’s stock worth $2,161,000 after purchasing an additional 1,700 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Up 0.8%

BG opened at $119.79 on Wednesday. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 0.75 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. The firm’s fifty day moving average is $112.47 and its 200 day moving average is $97.44. Bunge Global SA has a fifty-two week low of $68.33 and a fifty-two week high of $124.78.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (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 analyst estimates of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.Bunge Global’s revenue for the quarter was up 75.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BG shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 target price on shares of Bunge Global in a report on Thursday, February 5th. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Bunge Global in a research note on Thursday, February 5th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. HSBC boosted their price target on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings cut Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average 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.