Engineers Gate Manager LP Has $16.59 Million Position in Bunge Global SA $BG

Engineers Gate Manager LP increased its stake in Bunge Global SA (NYSE:BG) by 7,526.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,435 shares of the basic materials company’s stock after acquiring an additional 153,397 shares during the quarter. Engineers Gate Manager LP’s holdings in Bunge Global were worth $16,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BG. CYBER HORNET ETFs LLC bought a new stake in Bunge Global during the 2nd quarter valued at $31,000. MUFG Securities EMEA plc bought a new stake in Bunge Global during the second quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Bunge Global during the fourth quarter worth $35,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Bunge Global by 152.9% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the basic materials company’s stock valued at $35,000 after buying an additional 260 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in Bunge Global by 57.7% in the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock valued at $39,000 after buying an additional 176 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BG. BMO Capital Markets restated an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, with a total value of $161,400.00. Following the acquisition, the director directly owned 14,820 shares of the company’s stock, valued at $1,594,632. The trade was a 11.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Bunge Global Price Performance

BG opened at $123.28 on Thursday. The firm has a 50-day moving average price of $114.51 and a 200-day moving average price of $119.55. Bunge Global SA has a twelve month low of $76.01 and a twelve month high of $134.87. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 23.94 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $24.04 billion for 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%. Bunge Global’s revenue was up 88.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Equities analysts expect that Bunge Global SA will post 9.72 EPS for the current year.

Bunge Global 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.