NewEdge Advisors LLC Buys 6,788 Shares of Bunge Global SA $BG

NewEdge Advisors LLC boosted its stake in shares of Bunge Global SA (NYSE:BG) by 16.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,256 shares of the basic materials company’s stock after acquiring an additional 6,788 shares during the quarter. NewEdge Advisors LLC’s holdings in Bunge Global were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. California State Teachers Retirement System increased its stake in Bunge Global by 11,553.9% in the 2nd quarter. California State Teachers Retirement System now owns 18,316,682 shares of the basic materials company’s stock worth $1,954,939,000 after purchasing an additional 18,159,510 shares during the period. Capital World Investors boosted its stake in shares of Bunge Global by 2.5% during the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after purchasing an additional 402,320 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Bunge Global during the second quarter valued at approximately $266,653,000. Norges Bank bought a new position in shares of Bunge Global in the fourth quarter worth approximately $152,610,000. Finally, Amundi grew its holdings in shares of Bunge Global by 9.4% in the first quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock worth $150,853,000 after purchasing an additional 101,942 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Christopher Mahoney purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the director directly owned 14,820 shares in the company, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Bunge Global Trading Down 0.9%

NYSE BG opened at $121.35 on Tuesday. The stock has a market cap of $23.31 billion, a P/E ratio of 23.56 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $76.01 and a fifty-two week high of $134.87. The stock has a 50 day simple moving average of $115.44 and a two-hundred day simple moving average of $119.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.03. The firm had revenue of $24.04 billion for the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The business’s revenue was up 88.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, analysts forecast that Bunge Global SA will post 9.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BG shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a research note on Thursday, August 13th. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Finally, UBS Group boosted their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.33.

Bunge Global Company Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that sources, handles, processes and distributes agricultural commodities. Its activities include the origination, storage and transportation of oilseeds, grains and other agricultural products, as well as the production of vegetable oils, protein meals, specialty fats, ingredients and other food-related products.

The company serves food manufacturers, animal-feed producers, farmers, commercial customers and consumers through operations spanning North and South America, Europe, Asia and other international markets.