11,731 Shares in Bunge Global SA $BG Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in shares of Bunge Global SA (NYSE:BG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,731 shares of the basic materials company’s stock, valued at approximately $953,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Glencore plc bought a new stake in shares of Bunge Global in the third quarter valued at about $2,665,496,000. Vanguard Group Inc. increased its stake in Bunge Global by 0.7% during the third quarter. Vanguard Group Inc. now owns 16,792,204 shares of the basic materials company’s stock valued at $1,364,367,000 after acquiring an additional 125,001 shares during the period. Geode Capital Management LLC raised its holdings in Bunge Global by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock valued at $282,683,000 after acquiring an additional 80,082 shares in the last quarter. LSV Asset Management raised its holdings in Bunge Global by 2.1% in the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock valued at $171,467,000 after acquiring an additional 43,343 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Bunge Global in the 2nd quarter worth approximately $149,380,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 3.1%

Shares of BG stock opened at $116.70 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $22.58 billion, a P/E ratio of 21.53, a P/E/G ratio of 0.72 and a beta of 0.75. Bunge Global SA has a 12-month low of $68.33 and a 12-month high of $124.78. The firm has a 50-day moving average price of $111.27 and a 200 day moving average price of $96.74.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The business had revenue of $23.76 billion for the quarter, compared to the consensus estimate of $23 billion. During the same period in the previous year, the business earned $2.13 EPS. Bunge Global’s revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Bank of America lifted their price target on shares of Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings cut shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.90.

About Bunge Global

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.