MLG Wealth Management DBA Pine Grove Financial Group Invests $1.12 Million in Bunge Global SA $BG

MLG Wealth Management DBA Pine Grove Financial Group acquired a new stake in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,456 shares of the basic materials company’s stock, valued at approximately $1,116,000.

Other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LP grew its stake in Bunge Global by 15.1% in the second quarter. Corient Private Wealth LP now owns 20,574 shares of the basic materials company’s stock worth $2,196,000 after purchasing an additional 2,705 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Bunge Global during the 2nd quarter valued at $297,000. California State Teachers Retirement System raised its position in Bunge Global by 11,553.9% during the 2nd quarter. California State Teachers Retirement System now owns 18,316,682 shares of the basic materials company’s stock valued at $1,954,939,000 after purchasing an additional 18,159,510 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Bunge Global in the 2nd quarter worth $50,000. Finally, HB Wealth Management LLC lifted its holdings in shares of Bunge Global by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 3,045 shares of the basic materials company’s stock worth $325,000 after buying an additional 141 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BG shares. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $105.53 per share, for a total transaction of $527,650.00. Following the purchase, the director directly owned 13,320 shares of the company’s stock, valued at approximately $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Bunge Global Trading Up 0.2%

Shares of NYSE:BG opened at $118.97 on Tuesday. The business’s 50-day moving average is $113.80 and its 200 day moving average is $119.53. Bunge Global SA has a 1 year low of $76.01 and a 1 year high of $134.87. The firm has a market capitalization of $22.86 billion, a P/E ratio of 23.10 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64.

Bunge Global (NYSE:BG) last issued its quarterly earnings results 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. The business had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The company’s quarterly revenue was up 88.3% on a year-over-year basis. During the same quarter last year, the company earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, research analysts predict that Bunge Global SA will post 9.72 earnings per share for the current fiscal year.

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.