Stoneridge Investment Partners LLC Buys New Position in Bunge Global SA $BG

Stoneridge Investment Partners LLC bought a new position in shares of Bunge Global SA (NYSE:BG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,579 shares of the basic materials company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BG. Handelsbanken Fonder AB grew its stake in shares of Bunge Global by 23.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 28,002 shares of the basic materials company’s stock worth $2,989,000 after purchasing an additional 5,400 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Bunge Global by 26.8% during the second quarter. Fulton Bank N.A. now owns 4,966 shares of the basic materials company’s stock worth $530,000 after buying an additional 1,050 shares in the last quarter. Contravisory Investment Management Inc. grew its position in Bunge Global by 2.5% in the second quarter. Contravisory Investment Management Inc. now owns 9,655 shares of the basic materials company’s stock worth $1,030,000 after buying an additional 233 shares during the last quarter. Whitaker Myers Wealth Managers LTD. grew its position in Bunge Global by 10.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 19,619 shares of the basic materials company’s stock worth $2,094,000 after buying an additional 1,801 shares during the last quarter. Finally, Windsor Capital Management LLC bought a new position in shares of Bunge Global in the second quarter valued at $567,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays upped their target price on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Price Performance

Shares of NYSE:BG opened at $113.77 on Friday. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 22.09 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. 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 business has a fifty day simple moving average of $114.28 and a 200 day simple moving average of $119.72.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.97 by $0.03. The company had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company’s revenue for the quarter was up 88.3% compared to the same quarter last year. During the same period in the previous year, the firm 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 9.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the purchase, the director owned 14,820 shares in the company, valued at $1,594,632. The trade was a 11.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

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.