Bunge Global SA $BG Stock Bought by Sterling Capital Management LLC

Key Points

• Sterling Capital Management increased its Bunge Global holdings by 746.9% in the third quarter, reaching 33,832 shares valued at approximately $3.56 million. Institutional investors collectively own 86.23% of the company.
• Analyst sentiment remains positive, with eight Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $129.89.
• Bunge reported quarterly EPS of $2.00, topping estimates of $1.97, while revenue rose 88.3% year over year to $24.04 billion. The company issued fiscal 2026 EPS guidance of $9.25 to $9.75.

Sterling Capital Management LLC raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 746.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,832 shares of the basic materials company's stock after purchasing an additional 29,837 shares during the period. Sterling Capital Management LLC's holdings in Bunge Global were worth $3,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Inspire Investing LLC raised its position in shares of Bunge Global by 147.1% in the 3rd quarter. Inspire Investing LLC now owns 35,667 shares of the basic materials company's stock worth $3,815,000 after buying an additional 21,232 shares during the period. Yousif Capital Management LLC boosted its holdings in Bunge Global by 999.4% in the third quarter. Yousif Capital Management LLC now owns 200,495 shares of the basic materials company's stock valued at $21,073,000 after acquiring an additional 182,258 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Bunge Global in the third quarter valued at $705,000. Root Financial Partners LLC purchased a new stake in Bunge Global during the third quarter valued at about $909,000. Finally, SBI Securities Co. Ltd. grew its position in Bunge Global by 2,197.0% during the third quarter. SBI Securities Co. Ltd. now owns 33,903 shares of the basic materials company's stock valued at $3,560,000 after acquiring an additional 32,427 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 1,500 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Bunge Global Trading Up 0.0%

Bunge Global stock opened at $103.16 on Friday. The company has a 50 day moving average price of $112.29 and a 200 day moving average price of $116.70. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87. 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 market capitalization of $19.82 billion, a price-to-earnings ratio of 20.03 and a beta of 0.73.

Bunge Global (NYSE:BG - Get Free Report) last announced its 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. The company had revenue of $24.04 billion for the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company's revenue was up 88.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Research analysts forecast that Bunge Global SA will post 9.61 EPS for the current year.

About Bunge Global

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.

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.