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Bunge Global SA $BG Position Boosted by Farmers & Merchants Investments Inc.

Bunge Global logo with Consumer Staples background
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Key Points

Farmers & Merchants Investments Inc. boosted its position in Bunge Global SA (NYSE:BG - Free Report) by 144,776.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,223 shares of the basic materials company's stock after acquiring an additional 149,120 shares during the period. Farmers & Merchants Investments Inc. owned 0.08% of Bunge Global worth $15,654,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Bunge Global during the 2nd quarter valued at $266,653,000. Robeco Institutional Asset Management B.V. boosted its stake in Bunge Global by 638.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company's stock worth $217,777,000 after acquiring an additional 1,790,978 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Bunge Global by 3,023.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company's stock worth $54,599,000 after purchasing an additional 503,469 shares in the last quarter. WCM Investment Management LLC bought a new stake in Bunge Global in the 1st quarter worth about $41,195,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in 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. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Up 0.0%

BG opened at $103.16 on Friday. The stock has a market capitalization of $19.82 billion, a P/E ratio of 20.03 and a beta of 0.73. Bunge Global SA has a 12 month low of $88.24 and a 12 month high of $134.87. The business has a 50 day simple moving average of $112.29 and a 200-day simple moving average of $116.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64.

Bunge Global (NYSE:BG - Get Free Report) last issued 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 company had revenue of $24.04 billion during the quarter, compared to analysts' expectations of $22.81 billion. During the same period last year, the company posted $1.31 earnings per share. 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 analysts anticipate that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of Bunge Global 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 acquisition, the director owned 14,820 shares of the company's stock, valued at $1,594,632. The trade was a 11.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, August 19th. UBS Group lifted their price target on Bunge Global from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. BMO Capital Markets reiterated an "outperform" rating and set a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of Bunge Global from $140.00 to $139.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Finally, Zacks Research cut shares of Bunge Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $129.89.

Read Our Latest Stock Analysis on BG

About Bunge Global

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG - Free Report).

Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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