Precision Wealth Strategies LLC Takes Position in Bunge Global SA $BG

Precision Wealth Strategies LLC purchased a new position in Bunge Global SA (NYSE:BG) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,512 shares of the basic materials company’s stock, valued at approximately $574,000.

A number of other hedge funds also recently bought and sold shares of BG. Jennison Associates LLC purchased a new position in Bunge Global in the first quarter worth about $14,335,000. Assetmark Inc. lifted its stake in shares of Bunge Global by 9.0% in the first quarter. Assetmark Inc. now owns 28,112 shares of the basic materials company’s stock worth $3,576,000 after buying an additional 2,319 shares in the last quarter. Gould Asset Management LLC CA grew its holdings in shares of Bunge Global by 2.3% during the first quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock valued at $557,000 after buying an additional 99 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Bunge Global by 45.8% during the first quarter. Bessemer Group Inc. now owns 2,550 shares of the basic materials company’s stock valued at $324,000 after buying an additional 801 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its position in shares of Bunge Global by 63.5% during the first quarter. Prosperity Consulting Group LLC now owns 5,978 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 2,321 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Stock Performance

Shares of BG stock opened at $119.02 on Friday. 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 company has a 50 day moving average price of $118.78 and a 200-day moving average price of $117.94. Bunge Global SA has a 52 week low of $73.17 and a 52 week high of $134.87. The firm has a market capitalization of $23.09 billion, a PE ratio of 27.74 and a beta of 0.65.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 the consensus estimate of $23.38 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Bunge Global SA will post 9.61 earnings per share for the current year.

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.