Bunge Global SA $BG Stock Position Increased by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its Bunge Global stake by 999.4% in the third quarter, bringing its holdings to 200,495 shares valued at approximately $21.1 million. Institutional investors collectively own 86.23% of the company.
• Analyst sentiment remains generally positive, with eight Buy ratings and three Holds. Bunge has a consensus rating of “Moderate Buy” and an average price target of $129.89.
• Bunge reported quarterly earnings of $2.00 per share, exceeding estimates of $1.97, while revenue rose 88.3% year over year to $24.04 billion. Shares recently traded at $103.16, below their 52-week high of $134.87.

Yousif Capital Management LLC grew its holdings in Bunge Global SA (NYSE:BG - Free Report) by 999.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,495 shares of the basic materials company's stock after acquiring an additional 182,258 shares during the period. Yousif Capital Management LLC owned about 0.10% of Bunge Global worth $21,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Bunge Global during the second quarter worth $266,653,000. Robeco Institutional Asset Management B.V. boosted its holdings in Bunge Global by 638.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company's stock valued at $217,777,000 after purchasing an additional 1,790,978 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings 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 during the last quarter. WCM Investment Management LLC acquired a new stake in Bunge Global during the 1st quarter worth about $41,195,000. Finally, TD Waterhouse Canada Inc. grew its position in Bunge Global by 49,582.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company's stock worth $19,654,000 after purchasing an additional 193,373 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the transaction, the director directly owned 13,320 shares of the company's stock, valued at approximately $1,405,659.60. This represents a 60.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on BG. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, August 19th. UBS Group boosted their price target on Bunge Global from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Zacks Research lowered Bunge Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. JPMorgan Chase & Co. dropped 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.89.

Bunge Global Price Performance

Shares of BG stock traded up $0.01 during mid-day trading on Friday, hitting $103.16. 696,917 shares of the stock were exchanged, compared to its average volume of 1,604,206. Bunge Global SA has a 52-week low of $88.24 and a 52-week high of $134.87. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.82 billion, a PE ratio of 20.03 and a beta of 0.73. The firm has a fifty day moving average of $112.29 and a 200 day moving average of $116.70.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly 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. The firm had revenue of $24.04 billion during the quarter, compared to analyst estimates of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. Bunge Global's revenue for the quarter was up 88.3% compared to the same quarter last year. During the same quarter 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 anticipate that Bunge Global SA will post 9.61 earnings per share 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.

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