Robeco Institutional Asset Management B.V. Purchases 1,790,978 Shares of Bunge Global SA $BG

Key Points

• Robeco Institutional Asset Management increased its Bunge Global position by 638.8% in the third quarter, purchasing 1.79 million additional shares. It ended the quarter with 2.07 million shares valued at approximately $217.8 million, or a 1.08% stake.
• Institutional investors and hedge funds collectively own 86.23% of Bunge Global, while several other firms also expanded their holdings. The company’s latest quarter surpassed earnings and revenue expectations, with EPS of $2.00 and revenue of $24.04 billion.
• Bunge Global shares opened at $103.03, below their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $129.89, although ratings range from “Buy” to “Hold.”

Robeco Institutional Asset Management B.V. boosted its position in Bunge Global SA (NYSE:BG - Free Report) by 638.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,071,356 shares of the basic materials company's stock after purchasing an additional 1,790,978 shares during the period. Robeco Institutional Asset Management B.V. owned 1.08% of Bunge Global worth $217,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. Bank of New York Mellon Corp acquired a new stake in shares of Bunge Global during the second quarter valued at about $266,653,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Bunge Global by 3,023.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company's stock worth $54,599,000 after purchasing an additional 503,469 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Bunge Global in the first quarter valued at approximately $41,195,000. TD Waterhouse Canada Inc. increased its stake in shares of Bunge Global by 49,582.8% in the third quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company's stock valued at $19,654,000 after buying an additional 193,373 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Bunge Global by 884.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 183,860 shares of the basic materials company's stock valued at $19,327,000 after buying an additional 165,183 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Down 0.1%

NYSE BG opened at $103.03 on Wednesday. The business's 50-day moving average price is $112.89 and its two-hundred day moving average price is $117.17. Bunge Global SA has a 12 month low of $88.24 and a 12 month high of $134.87. The firm has a market capitalization of $19.79 billion, a PE ratio of 20.00 and a beta of 0.73. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54.

Bunge Global (NYSE:BG - Get Free Report) last issued 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. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The company had revenue of $24.04 billion during the quarter, compared to analysts' expectations of $22.81 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business's quarterly revenue was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, analysts expect that Bunge Global SA will post 9.61 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher Mahoney bought 1,500 shares of Bunge Global stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired 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 of the company's stock, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent research reports. BMO Capital Markets reiterated an "outperform" rating and set a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. UBS Group boosted their target price on shares of Bunge Global from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, August 19th. Zacks Research downgraded shares of Bunge Global from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Bunge Global from $140.00 to $139.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Eight investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $129.89.

Bunge Global Profile

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.

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG - Free Report).

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.