Bunge Global SA $BG Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 11,553.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,316,682 shares of the basic materials company's stock after purchasing an additional 18,159,510 shares during the period. California State Teachers Retirement System owned about 9.53% of Bunge Global worth $1,954,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC lifted its stake in Bunge Global by 23.5% in the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company's stock valued at $57,000 after buying an additional 85 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Bunge Global by 10.4% in the 4th quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company's stock worth $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 1st 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 during the period. Optimize Financial Inc lifted its position in Bunge Global by 1.4% in the 4th quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company's stock valued at $641,000 after purchasing an additional 100 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in Bunge Global by 19.3% in the 2nd quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company's stock valued at $80,000 after purchasing an additional 121 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BG. Zacks Research cut shares of Bunge Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. BMO Capital Markets reaffirmed an "outperform" rating and set a $150.00 price target on shares of Bunge Global in a report on Thursday, August 13th. UBS Group boosted their price objective on Bunge Global from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, August 19th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.33.

Bunge Global Stock Down 1.6%

BG opened at $122.54 on Friday. The company has a market capitalization of $23.54 billion, a PE ratio of 23.79 and a beta of 0.67. 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 SA has a fifty-two week low of $76.01 and a fifty-two week high of $134.87. The business has a 50-day moving average of $115.19 and a 200-day moving average of $119.59.

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 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 business had revenue of $24.04 billion during the quarter, compared to analysts' expectations of $22.81 billion. During the same quarter in the previous year, the business 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. Equities research analysts forecast that Bunge Global SA will post 9.72 EPS for the current fiscal year.

Insider Activity

In related news, Director Christopher Mahoney bought 1,500 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the director directly owned 14,820 shares in the company, valued at approximately $1,594,632. This represents a 11.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

About Bunge Global

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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