Wellington Management Group LLP boosted its holdings in Bunge Global SA (NYSE:BG – Free Report) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,456 shares of the basic materials company’s stock after buying an additional 58,750 shares during the quarter. Wellington Management Group LLP’s holdings in Bunge Global were worth $26,091,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Bunge Global by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,285 shares of the basic materials company’s stock valued at $26,336,000 after acquiring an additional 8,018 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Bunge Global by 4,973.8% during the 1st quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock valued at $5,402,000 after purchasing an additional 41,631 shares during the period. Prudential PLC increased its position in shares of Bunge Global by 140.6% during the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company’s stock valued at $1,251,000 after purchasing an additional 8,203 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Bunge Global by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,280,422 shares of the basic materials company’s stock worth $162,870,000 after purchasing an additional 9,271 shares during the period. Finally, WCM Investment Management LLC purchased a new position in shares of Bunge Global in the first quarter worth approximately $41,195,000. Institutional investors own 86.23% of the company’s stock.
Insider Activity
In other news, Director Christopher Mahoney acquired 1,500 shares of Bunge Global stock in a transaction dated 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 purchase, the director directly owned 14,820 shares in the company, valued at approximately $1,594,632. This trade represents a 11.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.
Bunge Global Stock Down 1.0%
Bunge Global (NYSE:BG – Get Free Report) last released its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.04 billion during the quarter, compared to analyst estimates of $22.81 billion. During the same period in the prior year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 88.3% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities research analysts forecast that Bunge Global SA will post 9.72 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $132.67.
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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