Bunge Global SA $BG Shares Bought by National Pension Service

National Pension Service grew its stake in shares of Bunge Global SA (NYSE:BG) by 267.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 31,461 shares of the basic materials company’s stock after buying an additional 22,904 shares during the quarter. National Pension Service’s holdings in Bunge Global were worth $3,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. United Services Automobile Association purchased a new position in shares of Bunge Global in the 1st quarter worth about $223,000. Woodline Partners LP increased its position in Bunge Global by 34.5% during the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 2,893 shares in the last quarter. Focus Partners Wealth increased its position in Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after buying an additional 494 shares during the period. Finally, Baird Financial Group Inc. lifted its position in Bunge Global by 1.1% during the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after buying an additional 263 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on BG. BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Finally, UBS Group boosted their price target on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Eight 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 an average rating of “Moderate Buy” and an average target price of $129.33.

Bunge Global Stock Up 0.1%

Shares of Bunge Global stock opened at $122.54 on Monday. Bunge Global SA has a twelve month low of $76.01 and a twelve month high of $134.87. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 23.79 and a beta of 0.67. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $115.19 and its 200-day simple moving average is $119.57.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, topping 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 firm had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Equities research analysts forecast that Bunge Global SA will post 9.72 earnings per share for the current year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $105.53 per share, with a total value of $527,650.00. Following the acquisition, the director directly owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This represents a 60.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

About Bunge Global

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that sources, handles, processes and distributes agricultural commodities. Its activities include the origination, storage and transportation of oilseeds, grains and other agricultural products, as well as the production of vegetable oils, protein meals, specialty fats, ingredients and other food-related products.

The company serves food manufacturers, animal-feed producers, farmers, commercial customers and consumers through operations spanning North and South America, Europe, Asia and other international markets.