Maverick Capital Ltd. Buys New Position in Bunge Global SA $BG

Maverick Capital Ltd. bought a new stake in shares of Bunge Global SA (NYSE:BG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,975 shares of the basic materials company’s stock, valued at approximately $3,050,000.

Other institutional investors have also added to or reduced their stakes in the company. Glencore plc lifted its holdings in 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 purchasing an additional 32,806,103 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Bunge Global by 4.6% in the fourth 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 bought a new stake in shares of Bunge Global during the 4th quarter valued at $1,436,000. KBC Group NV raised its position in shares of Bunge Global by 35.9% during the 4th quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock valued at $3,321,000 after purchasing an additional 9,849 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in shares of Bunge Global during the 4th quarter valued at $560,000. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on BG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BMO Capital Markets boosted their price objective on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Barclays upped their price objective on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Down 3.2%

Shares of BG stock opened at $117.64 on Tuesday. The company’s fifty day simple moving average is $118.36 and its two-hundred day simple moving average is $119.40. Bunge Global SA has a 52 week low of $74.95 and a 52 week high of $134.87. The stock has a market cap of $22.82 billion, a P/E ratio of 27.42 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 (NYSE:BG) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The firm had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. During the same quarter last year, the business posted $1.81 earnings per share. The business’s quarterly 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. Analysts predict that Bunge Global SA will post 9.74 EPS for the current fiscal year.

Bunge Global 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.