QRG Capital Management Inc. Has $1.86 Million Stock Holdings in Bunge Global SA $BG

QRG Capital Management Inc. boosted its position in Bunge Global SA (NYSE:BG) by 242.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,639 shares of the basic materials company’s stock after acquiring an additional 10,362 shares during the quarter. QRG Capital Management Inc.’s holdings in Bunge Global were worth $1,862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BG. Root Financial Partners LLC increased its holdings in shares of Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP grew its position in Bunge Global by 10.4% in the 4th quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 98 shares during the period. Optimize Financial Inc grew its position in Bunge Global by 1.4% in the 4th quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock valued at $641,000 after purchasing an additional 100 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Bunge Global by 4.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 120 shares in the last quarter. Finally, Czech National Bank increased its stake in Bunge Global by 0.3% during the 4th quarter. Czech National Bank now owns 35,691 shares of the basic materials company’s stock valued at $3,179,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Barclays upped their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley raised their price target on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Performance

NYSE BG opened at $110.97 on Wednesday. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $134.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 25.87 and a beta of 0.65. The company has a fifty day moving average price of $120.41 and a 200-day moving average price of $116.65.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. During the same period last year, the firm earned $1.81 earnings per share. The firm’s revenue was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities research analysts predict that Bunge Global SA will post 9.57 EPS for the current fiscal year.

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.