8,653 Shares in Bunge Global SA $BG Purchased by Root Financial Partners LLC

Root Financial Partners LLC bought a new position in Bunge Global SA (NYSE:BG) in the third quarter, HoldingsChannel.com reports. The fund bought 8,653 shares of the basic materials company’s stock, valued at approximately $909,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MLG Wealth Management DBA Pine Grove Financial Group bought a new stake in Bunge Global in the second quarter valued at $1,116,000. NewEdge Advisors LLC raised its stake in Bunge Global by 4,973.8% during the first quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock worth $5,402,000 after acquiring an additional 41,631 shares in the last quarter. National Pension Service raised its stake in Bunge Global by 267.7% during the second quarter. National Pension Service now owns 31,461 shares of the basic materials company’s stock worth $3,358,000 after acquiring an additional 22,904 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Bunge Global by 49,582.8% during the third quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock worth $19,654,000 after acquiring an additional 193,373 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Bunge Global by 1,220.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 155,733 shares of the basic materials company’s stock valued at $16,676,000 after acquiring an additional 143,941 shares during the period. Institutional investors own 86.23% of the company’s stock.

Insider Activity

In related news, Director Christopher Mahoney purchased 5,000 shares of Bunge Global stock in a transaction that occurred on Friday, July 31st. The shares were acquired 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 in the company, valued at approximately $1,405,659.60. This represents a 60.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BG shares. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. JPMorgan Chase & Co. lowered their target price on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. UBS Group increased their target price on shares of Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.89.

Bunge Global Trading Up 0.0%

BG stock opened at $103.16 on Friday. The business has a fifty day moving average price of $112.29 and a 200 day moving average price of $116.70. 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 SA has a fifty-two week low of $88.24 and a fifty-two week high of $134.87. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 20.03 and a beta of 0.73.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $24.04 billion for 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%. The business’s revenue was up 88.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Analysts expect that Bunge Global SA will post 9.61 EPS for the current fiscal year.

Bunge Global Company 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.