Andra AP fonden Makes New $1.93 Million Investment in Bunge Global SA $BG

Key Points

• Andra AP fonden purchased 18,100 shares of Bunge Global valued at approximately $1.93 million, while institutional investors collectively own 86.23% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds; the stock has a consensus price target of $129.33 and an overall “Moderate Buy” rating.
• Bunge Global exceeded quarterly earnings and revenue estimates, reporting $2.00 in EPS and $24.04 billion in revenue, with revenue up 88.3% year over year.

Andra AP fonden purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,100 shares of the basic materials company's stock, valued at approximately $1,932,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Bunge Global by 4,973.8% in the first 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 in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group bought a new stake in shares of Bunge Global during the 2nd quarter worth approximately $1,116,000. Bank of New York Mellon Corp raised its stake in shares of Bunge Global by 0.7% during 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 in the last quarter. Prudential PLC boosted its holdings in shares of Bunge Global by 140.6% in the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company's stock valued at $1,251,000 after buying an additional 8,203 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Bunge Global by 267.7% in the second quarter. National Pension Service now owns 31,461 shares of the basic materials company's stock valued at $3,358,000 after buying an additional 22,904 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating and set a $150.00 target price on shares of Bunge Global in a report on Thursday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bunge Global in a research note on Wednesday, August 19th. Zacks Research downgraded shares of Bunge Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Finally, UBS Group boosted their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $129.33.

Bunge Global Stock Performance

NYSE BG opened at $111.52 on Thursday. The stock has a market cap of $21.42 billion, a PE ratio of 21.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The firm has a 50-day moving average of $115.54 and a 200-day moving average of $119.44. Bunge Global SA has a 52-week low of $78.53 and a 52-week high of $134.87.

Bunge Global (NYSE:BG - Get Free Report) 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 business had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. Bunge Global's quarterly revenue was up 88.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, sell-side analysts anticipate that Bunge Global SA will post 9.72 EPS for the current year.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $105.53 per share, with a total value of $527,650.00. Following the completion of the transaction, the director owned 13,320 shares of the company's stock, valued at $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Bunge Global Company 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.

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