Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 299.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,718 shares of the basic materials company's stock after acquiring an additional 14,037 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV's holdings in Bunge Global were worth $1,973,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Bunge Global by 3,023.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company's stock valued at $54,599,000 after purchasing an additional 503,469 shares in the last quarter. Novem Group raised its holdings in shares of Bunge Global by 15.4% during the third quarter. Novem Group now owns 33,102 shares of the basic materials company's stock valued at $3,540,000 after purchasing an additional 4,419 shares during the period. Clark Wealth Partners boosted its position in shares of Bunge Global by 3,657.1% during the 3rd quarter. Clark Wealth Partners now owns 263 shares of the basic materials company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Robertson Stephens Wealth Management LLC bought a new position in shares of Bunge Global during the 3rd quarter worth about $1,661,000. Finally, Mosley Wealth Management bought a new position in shares of Bunge Global during the 3rd quarter worth about $77,000. 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 purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $107.60 per share, with a total value of $161,400.00. Following the transaction, the director owned 14,820 shares of the company's stock, valued at $1,594,632. This represents a 11.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.
Bunge Global Stock Down 0.1%
BG stock traded down $0.12 during mid-day trading on Tuesday, reaching $103.00. 493,840 shares of the company traded hands, compared to its average volume of 1,693,364. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 19.99 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 fifty-two week low of $88.24 and a fifty-two week high of $134.87. The firm's 50 day moving average price is $113.07 and its 200 day moving average price is $117.35.
Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the company posted $1.31 EPS. The company's revenue for the quarter was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, equities research analysts predict that Bunge Global SA will post 9.61 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, August 19th. BMO Capital Markets reiterated an "outperform" rating and issued a $150.00 price target on shares of Bunge Global in a report on Thursday, August 13th. Zacks Research lowered Bunge Global from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. JPMorgan Chase & Co. reduced their price objective on Bunge Global from $140.00 to $139.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Finally, UBS Group boosted their price objective on Bunge Global from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $129.89.
Check Out Our Latest Stock Analysis on Bunge Global
Bunge Global Profile
(
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.
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