The Manufacturers Life Insurance Company Sells 22,102 Shares of Bunge Global SA $BG

The Manufacturers Life Insurance Company decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,588 shares of the basic materials company’s stock after selling 22,102 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Bunge Global were worth $9,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. Glencore plc boosted its position in shares of Bunge Global by 100.0% in the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after acquiring an additional 32,806,103 shares during the period. Norges Bank bought a new position in Bunge Global during the fourth quarter worth $152,610,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bunge Global by 168,119.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after purchasing an additional 1,165,071 shares during the last quarter. Merewether Investment Management LP acquired a new position in Bunge Global during the 3rd quarter valued at $74,888,000. Finally, Vanguard Group Inc. boosted its holdings in Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Trading Down 0.8%

Shares of Bunge Global stock opened at $105.33 on Tuesday. The firm has a market capitalization of $20.24 billion, a PE ratio of 20.45 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64. The company’s fifty day moving average price is $117.13 and its two-hundred day moving average price is $119.75. Bunge Global SA has a 52-week low of $76.01 and a 52-week high of $134.87.

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

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.