Towle & Co. Sells 30,794 Shares of Bunge Global SA $BG

Towle & Co. trimmed its position in shares of Bunge Global SA (NYSE:BG) by 36.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,755 shares of the basic materials company’s stock after selling 30,794 shares during the period. Bunge Global accounts for about 2.6% of Towle & Co.’s investment portfolio, making the stock its 13th biggest holding. Towle & Co.’s holdings in Bunge Global were worth $6,838,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BG. Quest 10 Wealth Builders Inc. purchased a new position in shares of Bunge Global in the 4th quarter worth approximately $27,000. Global Trust Asset Management LLC purchased a new stake in Bunge Global during the first quarter valued at approximately $47,000. CYBER HORNET ETFs LLC purchased a new stake in Bunge Global during the second quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new stake in Bunge Global in the second quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Bunge Global in the fourth quarter valued at approximately $35,000. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays lifted their price target 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. BMO Capital Markets increased their price objective on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Eight 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $122.23 on Friday. The company has a 50 day moving average price of $118.52 and a 200 day moving average price of $119.04. The firm has a market capitalization of $23.72 billion, a P/E ratio of 28.49 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. Bunge Global SA has a 52 week low of $74.95 and a 52 week high of $134.87.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm earned $1.81 EPS. Bunge Global’s revenue 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. Sell-side analysts expect that Bunge Global SA will post 9.74 EPS for the current 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.