Barometer Capital Management Inc. Buys New Shares in Bunge Global SA $BG

Barometer Capital Management Inc. bought a new stake in shares of Bunge Global SA (NYSE:BG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,700 shares of the basic materials company’s stock, valued at approximately $8,993,000. Bunge Global makes up approximately 3.7% of Barometer Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding.

A number of other large investors have also bought and sold shares of the stock. Glencore plc increased its holdings in shares of Bunge Global by 100.0% during 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 in the last quarter. Vanguard Group Inc. grew its position 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 worth $1,565,136,000 after purchasing an additional 777,805 shares in the last quarter. Pacific Point Advisors LLC purchased a new stake in Bunge Global in the 4th quarter valued at about $1,436,000. KBC Group NV increased its stake in Bunge Global by 35.9% in the 4th quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock valued at $3,321,000 after buying an additional 9,849 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Bunge Global during the fourth quarter worth $560,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG stock opened at $121.48 on Wednesday. The company has a market capitalization of $23.57 billion, a P/E ratio of 28.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The stock has a 50 day moving average price of $118.57 and a two-hundred day moving average price of $118.58. Bunge Global SA has a fifty-two week low of $74.35 and a fifty-two week high of $134.87.

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 analysts’ consensus estimates of $0.97 by $0.86. The business had revenue of $21.86 billion for the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company’s revenue was up 87.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Analysts expect that Bunge Global SA will post 9.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BG shares. JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BMO Capital Markets lifted their target price 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 reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, Barclays boosted their price target on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average target price of $132.67.

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.