Bank of New York Mellon Corp Makes New $266.65 Million Investment in Bunge Global SA $BG

Bank of New York Mellon Corp bought a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,498,388 shares of the basic materials company's stock, valued at approximately $266,653,000. Bank of New York Mellon Corp owned 1.30% of Bunge Global at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BG. Root Financial Partners LLC boosted its position in shares of Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company's stock worth $57,000 after purchasing an additional 85 shares in the last quarter. Allworth Financial LP grew its stake in Bunge Global by 10.4% in the fourth quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company's stock valued at $93,000 after acquiring an additional 98 shares during the period. Gould Asset Management LLC CA increased its holdings in shares of Bunge Global by 2.3% in the first quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company's stock worth $557,000 after acquiring an additional 99 shares in the last quarter. Optimize Financial Inc raised its position in shares of Bunge Global by 1.4% during the fourth quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company's stock worth $641,000 after purchasing an additional 100 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Bunge Global by 19.3% during the second quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company's stock worth $80,000 after purchasing an additional 121 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney bought 1,500 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the director owned 14,820 shares of the company's stock, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a report on Wednesday. Zacks Research upgraded shares of Bunge Global from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Barclays boosted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $150.00 target price on shares of Bunge Global in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.67.

Bunge Global Stock Performance

Shares of BG opened at $113.30 on Friday. Bunge Global SA has a 12 month low of $76.01 and a 12 month high of $134.87. The firm has a fifty day simple moving average of $113.09 and a 200 day simple moving average of $119.71. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 22.00 and a beta of 0.65. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54.

Bunge Global (NYSE:BG - Get Free Report) last issued 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 analyst estimates of $22.81 billion. During the same period in the previous year, the business earned $1.31 EPS. The company's 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. Research analysts forecast that Bunge Global SA will post 9.72 EPS for the current fiscal year.

Bunge Global Company 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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