Bunge Global SA $BG Position Lifted by Mather Group LLC.

Key Points

• Mather Group significantly increased its Bunge Global position by 4,742.1% in the third quarter, reaching 14,139 shares valued at approximately $1.48 million. Institutional investors and hedge funds collectively own 86.23% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $129.89 price target. UBS raised its target to $155, while JPMorgan trimmed its target to $139.
• Bunge shares recently fell 0.8% to $106.15, below their 50-day and 200-day moving averages. The company nevertheless exceeded quarterly earnings and revenue estimates, reporting $2.00 EPS and $24.04 billion in revenue, up 88.3% year over year.

Mather Group LLC. boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 4,742.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,139 shares of the basic materials company's stock after purchasing an additional 13,847 shares during the period. Mather Group LLC.'s holdings in Bunge Global were worth $1,484,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Bunge Global in the 2nd quarter worth approximately $266,653,000. Amundi raised its holdings in shares of Bunge Global by 9.4% in the 1st quarter. Amundi now owns 1,186,039 shares of the basic materials company's stock worth $150,853,000 after buying an additional 101,942 shares in the last quarter. Swiss National Bank lifted its position in shares of Bunge Global by 3.5% during the 1st quarter. Swiss National Bank now owns 397,200 shares of the basic materials company's stock worth $50,524,000 after buying an additional 13,500 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Bunge Global by 2.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 372,952 shares of the basic materials company's stock worth $47,439,000 after buying an additional 7,994 shares during the period. Finally, WCM Investment Management LLC bought a new position in shares of Bunge Global during the 1st quarter worth approximately $41,195,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Bunge Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, August 19th. UBS Group increased their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price objective 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, BMO Capital Markets reaffirmed an "outperform" rating and set a $150.00 target price on shares of Bunge Global in a report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.89.

Bunge Global Trading Down 0.8%

NYSE BG traded down $0.86 on Friday, reaching $106.15. The company had a trading volume of 1,696,974 shares, compared to its average volume of 1,884,085. The stock's 50 day moving average is $113.26 and its 200-day moving average is $117.58. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 20.61 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87.

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 for the quarter, beating the consensus estimate of $1.97 by $0.03. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The firm had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The company's quarterly 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. Equities analysts predict that Bunge Global SA will post 9.61 earnings per share for the current year.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney purchased 1,500 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the transaction, the director directly 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 acquisition was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Bunge Global Company Profile

Bunge Global SA NYSE: BG is a global agribusiness and food company that connects farmers with consumers by sourcing, storing, transporting, processing and marketing agricultural commodities. Its operations focus primarily on oilseeds, grains and related agricultural products, serving customers across food, feed, fuel and industrial markets.

The company processes soybeans, rapeseed, sunflower seed and other oilseeds into protein meals used in animal feed, as well as edible oils and specialty fats for food manufacturers, foodservice companies and consumers.

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