NorthCrest Asset Manangement LLC Acquires 143,941 Shares of Bunge Global SA $BG

Key Points

• NorthCrest Asset Management increased its Bunge Global stake by 1,220.7% in the third quarter, acquiring 143,941 shares for a total holding of 155,733 shares valued at approximately $16.7 million.
• Bunge director Christopher Mahoney purchased 5,000 shares at an average price of $105.53, while institutional investors collectively own 86.23% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $129.89. Bunge recently exceeded quarterly earnings and revenue expectations, reporting $2.00 EPS and $24.04 billion in revenue.

NorthCrest Asset Manangement LLC lifted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 1,220.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,733 shares of the basic materials company's stock after buying an additional 143,941 shares during the period. NorthCrest Asset Manangement LLC owned about 0.08% of Bunge Global worth $16,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hyposwiss Advisors SA acquired a new stake in Bunge Global during the 4th quarter worth about $45,000. Global Trust Asset Management LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at about $47,000. Ameritas Advisory Services LLC acquired a new stake in shares of Bunge Global during the second quarter worth approximately $50,000. Root Financial Partners LLC boosted its holdings in shares of Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company's stock worth $57,000 after purchasing an additional 85 shares during the period. Finally, Hilltop National Bank purchased a new position in Bunge Global during the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $105.53 per share, for a total transaction of $527,650.00. Following the acquisition, the director owned 13,320 shares in the company, valued at $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BG shares. 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 report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, August 19th. UBS Group raised their price target on Bunge Global from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. Zacks Research downgraded Bunge Global from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $150.00 price target 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 stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of "Moderate Buy" and an average price target of $129.89.

Bunge Global Price Performance

NYSE BG opened at $104.16 on Tuesday. Bunge Global SA has a fifty-two week low of $79.11 and a fifty-two week high of $134.87. The stock's 50-day moving average is $113.28 and its two-hundred day moving average is $118.06. The firm has a market cap of $20.01 billion, a P/E ratio of 20.22 and a beta of 0.73. 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 (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.03. The company had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The firm's revenue was up 88.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, analysts anticipate that Bunge Global SA will post 9.72 earnings per share for the current fiscal year.

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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