Elevated Capital Advisors LLC Takes $944,000 Position in Bunge Global SA $BG

Elevated Capital Advisors LLC purchased a new stake in Bunge Global SA (NYSE:BG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,420 shares of the basic materials company’s stock, valued at approximately $944,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its holdings in Bunge Global by 391.0% during the 1st quarter. Kestra Advisory Services LLC now owns 4,267 shares of the basic materials company’s stock worth $543,000 after purchasing an additional 3,398 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Bunge Global by 2.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 372,952 shares of the basic materials company’s stock valued at $47,439,000 after purchasing an additional 7,994 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Bunge Global during the 1st quarter worth approximately $190,000. Lmcg Investments LLC grew its position in shares of Bunge Global by 0.4% during the 1st quarter. Lmcg Investments LLC now owns 129,790 shares of the basic materials company’s stock worth $16,509,000 after buying an additional 549 shares during the period. Finally, Kathmere Capital Management LLC bought a new stake in shares of Bunge Global during the first quarter worth approximately $297,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

BG stock opened at $113.78 on Friday. Bunge Global SA has a 1-year low of $71.60 and a 1-year high of $134.87. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm has a market cap of $22.08 billion, a PE ratio of 26.52 and a beta of 0.65. The business’s 50-day moving average price is $119.98 and its two-hundred day moving average price is $116.97.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.86. The company had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, research analysts forecast that Bunge Global SA will post 9.57 earnings per share for the current year.

Analyst Ratings Changes

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

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.