Illinois Municipal Retirement Fund Sells 13,433 Shares of Bunge Global SA $BG

Illinois Municipal Retirement Fund reduced its holdings in Bunge Global SA (NYSE:BG) by 19.0% during the 1st quarter, Holdings Channel reports. The fund owned 57,269 shares of the basic materials company’s stock after selling 13,433 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Bunge Global were worth $7,285,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. United Services Automobile Association bought a new position in Bunge Global in the 1st quarter valued at $223,000. Woodline Partners LP grew its holdings in shares of Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 2,893 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after buying an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after buying an additional 494 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Bunge Global by 1.1% in the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after buying an additional 263 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

Bunge Global stock opened at $119.02 on Friday. The business’s 50-day simple moving average is $118.78 and its 200 day simple moving average is $117.94. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 27.74 and a beta of 0.65. Bunge Global SA has a 12-month low of $73.17 and a 12-month high of $134.87.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping 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 firm had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. During the same period in the previous year, the business posted $1.81 EPS. The company’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. As a group, research analysts anticipate that Bunge Global SA will post 9.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Barclays boosted their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Finally, BMO Capital Markets raised their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Company 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.