Intech Investment Management LLC Increases Stock Holdings in Bunge Global SA $BG

Intech Investment Management LLC grew its stake in Bunge Global SA (NYSE:BG) by 54.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,021 shares of the basic materials company’s stock after purchasing an additional 17,327 shares during the period. Intech Investment Management LLC’s holdings in Bunge Global were worth $3,983,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC increased its stake in Bunge Global by 2,000.0% in the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after buying an additional 300 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Bunge Global in the 3rd quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Bunge Global in the second quarter valued at about $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Bunge Global in the second quarter valued at about $32,000. Finally, Rakuten Securities Inc. increased its stake in shares of Bunge Global by 57.7% during the second quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 176 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

BG opened at $120.39 on Monday. Bunge Global SA has a 1-year low of $68.33 and a 1-year high of $124.78. The stock has a market cap of $23.30 billion, a P/E ratio of 22.21, a P/E/G ratio of 0.77 and a beta of 0.75. The stock’s 50 day simple moving average is $108.51 and its 200 day simple moving average is $95.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. The company had revenue of $23.76 billion for the quarter, compared to the consensus estimate of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.Bunge Global’s quarterly revenue was up 75.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Bank of America upped their price objective on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Finally, CICC Research raised their target price on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.44.

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.