Robeco Institutional Asset Management B.V. boosted its position in Bunge Global SA (NYSE:BG – Free Report) by 638.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,071,356 shares of the basic materials company’s stock after buying an additional 1,790,978 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Bunge Global were worth $217,777,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC boosted its position in Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 85 shares during the last quarter. Gould Asset Management LLC CA grew its holdings in Bunge Global by 2.3% during the 1st quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock worth $557,000 after acquiring an additional 99 shares during the period. CoreCap Advisors LLC raised its position in shares of Bunge Global by 19.3% in the 2nd quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 121 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Bunge Global by 0.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,150 shares of the basic materials company’s stock worth $2,563,000 after acquiring an additional 129 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Bunge Global by 5.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,421 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Stock Down 0.1%
Bunge Global stock opened at $103.03 on Wednesday. The company has a market capitalization of $19.79 billion, a PE ratio of 20.00 and a beta of 0.73. Bunge Global SA has a 12-month low of $88.24 and a 12-month high of $134.87. The firm’s fifty day moving average is $112.89 and its 200 day moving average is $117.17. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.
Bunge Global (NYSE:BG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. The business had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The business’s quarterly revenue was up 88.3% on a year-over-year basis. During the same period last year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, sell-side analysts predict that Bunge Global SA will post 9.61 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on BG shares. BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. UBS Group raised their target price on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. dropped their price target on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.89.
Get Our Latest Stock Report on BG
Insider Buying and Selling at Bunge Global
In related news, Director Christopher Mahoney acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the completion of the acquisition, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.
Bunge Global Profile
Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.
The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.
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