Western Wealth Management LLC purchased a new stake in shares of Bunge Global SA (NYSE:BG – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,767 shares of the basic materials company’s stock, valued at approximately $861,000.
Other large investors have also recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new stake in shares of Bunge Global during the first quarter worth $223,000. Woodline Partners LP boosted its holdings in shares of Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after buying an additional 2,893 shares during the period. Focus Partners Wealth grew its position in shares of Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after buying an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Bunge Global by 118.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after buying an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Bunge Global by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after buying an additional 263 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Bunge Global
In other Bunge Global news, Director Christopher Mahoney purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $107.60 per share, with a total value of $161,400.00. Following the completion of the acquisition, the director owned 14,820 shares in the company, valued at approximately $1,594,632. This represents a 11.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.
Bunge Global Stock Up 1.0%
Bunge Global (NYSE:BG – Get Free Report) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the business posted $1.31 EPS. Bunge Global’s 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. As a group, sell-side analysts predict that Bunge Global SA will post 9.72 EPS for the current year.
Analyst Ratings Changes
BG has been the topic of a number of recent research reports. Barclays raised their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock 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 report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.
Read Our Latest Analysis on BG
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.
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