Bunge Global SA $BG Stock Position Boosted by Lmcg Investments LLC

Lmcg Investments LLC raised its position in Bunge Global SA (NYSE:BG) by 84.7% in the 3rd quarter, Holdings Channel reports. The fund owned 238,796 shares of the basic materials company’s stock after purchasing an additional 109,478 shares during the period. Bunge Global accounts for 1.3% of Lmcg Investments LLC’s holdings, making the stock its 18th biggest holding. Lmcg Investments LLC’s holdings in Bunge Global were worth $25,323,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Bunge Global during the second quarter worth $266,653,000. Robeco Institutional Asset Management B.V. increased its stake in Bunge Global by 638.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company’s stock worth $217,777,000 after buying an additional 1,790,978 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Bunge Global by 3,023.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company’s stock worth $54,599,000 after buying an additional 503,469 shares during the period. WCM Investment Management LLC purchased a new stake in Bunge Global during the 1st quarter worth $41,195,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in Bunge Global by 49,582.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock worth $19,654,000 after buying an additional 193,373 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 0.8%

BG stock opened at $102.15 on Thursday. 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 firm has a 50 day simple moving average of $112.70 and a 200-day simple moving average of $116.98. The company has a market capitalization of $19.62 billion, a P/E ratio of 19.83 and a beta of 0.73. Bunge Global SA has a twelve month low of $88.24 and a twelve month high of $134.87.

Bunge Global (NYSE:BG) last posted its quarterly 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. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm had revenue of $24.04 billion for the quarter, compared to analysts’ expectations of $22.81 billion. During the same period in the prior year, the company posted $1.31 earnings per share. The firm’s quarterly revenue was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities research analysts predict that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christopher Mahoney bought 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $105.53 per share, with a total value of $527,650.00. Following the transaction, 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 filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BG has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, August 19th. UBS Group lifted their target price on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 target price on shares of Bunge Global in a research report 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. Finally, JPMorgan Chase & Co. reduced their price target on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $129.89.

About Bunge Global

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.