Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Bunge Global SA (NYSE:BG – Free Report) by 3,023.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520,120 shares of the basic materials company’s stock after purchasing an additional 503,469 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.27% of Bunge Global worth $54,599,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Novem Group grew its stake in Bunge Global by 15.4% during the 3rd quarter. Novem Group now owns 33,102 shares of the basic materials company’s stock worth $3,540,000 after buying an additional 4,419 shares during the last quarter. Clark Wealth Partners lifted its stake in Bunge Global by 3,657.1% in the third quarter. Clark Wealth Partners now owns 263 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in Bunge Global in the third quarter valued at approximately $1,661,000. Mosley Wealth Management purchased a new stake in Bunge Global in the third quarter valued at approximately $77,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Bunge Global by 49,582.8% in the third quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock valued at $19,654,000 after acquiring an additional 193,373 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.
Bunge Global Stock Down 3.0%
BG opened at $102.93 on Tuesday. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87. The business has a 50 day moving average price of $113.07 and a two-hundred day moving average price of $117.35. 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 cap of $19.78 billion, a PE ratio of 19.99 and a beta of 0.73.
Bunge Global (NYSE:BG – Get Free Report) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.03. The company had revenue of $24.04 billion for the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The company’s revenue was up 88.3% on a year-over-year basis. During the same period last year, the business posted $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, research analysts anticipate that Bunge Global SA will post 9.61 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BG. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. UBS Group upped their price target on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus target price of $129.89.
Read Our Latest Report on Bunge Global
Insider Activity at Bunge Global
In related news, Director Christopher Mahoney purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $107.60 per share, with a total value of $161,400.00. Following the completion of the acquisition, the director directly owned 14,820 shares in the company, valued at $1,594,632. This trade represents a 11.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.
Bunge Global Company 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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