Wellington Management Group LLP Increases Stock Position in Bunge Global SA $BG

Key Points

• Wellington Management increased its Bunge Global stake by 31.6% in the second quarter, purchasing 58,750 additional shares and bringing its holdings to 244,456 shares valued at approximately $26.1 million. Institutional investors collectively own 86.23% of the company.
• Analysts maintain a generally positive view of Bunge Global, with one Strong Buy, eight Buy, and two Hold ratings. The stock has a consensus “Moderate Buy” rating and an average price target of $132.67.
• Bunge reported quarterly EPS of $2.00, exceeding estimates of $1.97, while revenue rose 88.3% year over year to $24.04 billion. Director Christopher Mahoney also purchased 5,000 shares, increasing his position by 60.1%.

Wellington Management Group LLP raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 31.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,456 shares of the basic materials company's stock after buying an additional 58,750 shares during the quarter. Wellington Management Group LLP owned about 0.13% of Bunge Global worth $26,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Bunge Global during the 2nd quarter worth approximately $4,040,000. Parvin Asset Management LLC purchased a new position in shares of Bunge Global in the 2nd quarter valued at approximately $239,000. Madison Asset Management LLC purchased a new position in shares of Bunge Global in the 2nd quarter valued at approximately $2,077,000. Foster & Motley Inc. purchased a new stake in Bunge Global in the second quarter worth $715,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Bunge Global in the second quarter worth $814,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

BG has been the subject of several recent research reports. Zacks Research raised Bunge Global from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bunge Global in a research note on Wednesday, August 19th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.67.

Insider Activity

In other news, Director Christopher Mahoney purchased 5,000 shares of the business'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 completion of the acquisition, the director directly owned 13,320 shares in the company, valued at $1,405,659.60. This represents a 60.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $118.97 on Friday. Bunge Global SA has a 1-year low of $76.01 and a 1-year high of $134.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64. The business has a fifty day moving average price of $113.60 and a 200-day moving average price of $119.57. The company has a market capitalization of $22.86 billion, a PE ratio of 23.10 and a beta of 0.67.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company had revenue of $24.04 billion for the quarter, compared to analysts' expectations of $22.81 billion. During the same quarter in the previous year, the business posted $1.31 EPS. Bunge Global's revenue was up 88.3% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, equities analysts expect that Bunge Global SA will post 9.72 EPS for the current fiscal year.

Bunge Global Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company's core business activities are organized into agribusiness and food & ingredients segments.

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