Empowered Funds LLC Purchases 7,113 Shares of Bunge Global SA $BG

Empowered Funds LLC raised its position in shares of Bunge Global SA (NYSE:BG) by 18.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,257 shares of the basic materials company’s stock after acquiring an additional 7,113 shares during the period. Empowered Funds LLC’s holdings in Bunge Global were worth $5,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Maverick Capital Ltd. bought a new position in Bunge Global in the 1st quarter valued at $3,050,000. Quantinno Capital Management LP grew its holdings in shares of Bunge Global by 37.3% during the first quarter. Quantinno Capital Management LP now owns 176,983 shares of the basic materials company’s stock worth $22,512,000 after purchasing an additional 48,068 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Bunge Global by 379.7% during the first quarter. Lazard Asset Management LLC now owns 12,812 shares of the basic materials company’s stock worth $1,630,000 after purchasing an additional 10,141 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Bunge Global in the first quarter valued at $425,000. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Bunge Global by 25.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 7,595 shares of the basic materials company’s stock valued at $966,000 after buying an additional 1,550 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Barclays raised their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Up 1.0%

Shares of BG opened at $106.09 on Friday. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 20.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.69 and a current ratio of 1.57. The business’s fifty day moving average price is $117.43 and its two-hundred day moving average price is $119.60. Bunge Global SA has a 52 week low of $76.01 and a 52 week high of $134.87.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same quarter last year, the firm earned $1.31 EPS. The company’s revenue for the quarter was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, analysts predict that Bunge Global SA will post 9.74 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.