Foster & Motley Inc. acquired a new stake in shares of Bunge Global SA (NYSE:BG – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,697 shares of the basic materials company’s stock, valued at approximately $715,000.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 valued at $1,565,136,000 after buying an additional 777,805 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Bunge Global by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,285 shares of the basic materials company’s stock valued at $26,336,000 after purchasing an additional 8,018 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Bunge Global by 4,973.8% during the first quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock valued at $5,402,000 after acquiring an additional 41,631 shares during the period. Prudential PLC grew its holdings in Bunge Global by 140.6% in the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company’s stock valued at $1,251,000 after buying an additional 8,203 shares during the last quarter. Finally, U S Global Investors Inc. bought a new position in Bunge Global during the fourth quarter worth $356,000. 86.23% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
BG has been the subject of a number of research reports. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Barclays increased their price objective 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 reaffirmed an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $132.67.
Bunge Global Stock Down 0.2%
Shares of BG stock opened at $114.13 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $113.54 and its two-hundred day moving average price is $119.73. The firm has a market capitalization of $21.93 billion, a P/E ratio of 22.16 and a beta of 0.65. Bunge Global SA has a 1 year low of $76.01 and a 1 year high of $134.87.
Bunge Global (NYSE:BG – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the business earned $1.31 EPS. Bunge Global’s revenue for the quarter was up 88.3% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities analysts predict that Bunge Global SA will post 9.72 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $105.53 per share, with a total value of $527,650.00. Following the completion of the transaction, the director owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.
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.
Read More
- Five stocks we like better than Bunge Global
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG – Free Report).
Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.
