Bunge Global SA $BG Stock: Sterling Capital Management LLC Grows Stake

Sterling Capital Management LLC raised its stake in shares of Bunge Global SA (NYSE:BG) by 746.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,832 shares of the basic materials company’s stock after acquiring an additional 29,837 shares during the quarter. Sterling Capital Management LLC’s holdings in Bunge Global were worth $3,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Bunge Global during the 2nd quarter worth about $266,653,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Bunge Global by 638.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company’s stock valued at $217,777,000 after acquiring an additional 1,790,978 shares during the last quarter. Amundi raised its stake in shares of Bunge Global by 9.4% in the 1st quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock valued at $150,853,000 after acquiring an additional 101,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Bunge Global by 3,023.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company’s stock valued at $54,599,000 after acquiring an additional 503,469 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Bunge Global by 3.5% in the 1st quarter. Swiss National Bank now owns 397,200 shares of the basic materials company’s stock worth $50,524,000 after purchasing an additional 13,500 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. UBS Group increased their price target on Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Finally, Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.89.

Bunge Global Trading Up 0.0%

Bunge Global stock opened at $103.16 on Friday. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The firm has a market capitalization of $19.82 billion, a PE ratio of 20.03 and a beta of 0.73. The business’s 50-day simple moving average is $112.29 and its 200-day simple moving average is $116.70.

Bunge Global (NYSE:BG) last announced its 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 firm had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The firm’s revenue for the quarter 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. Equities research analysts forecast that Bunge Global SA will post 9.61 earnings per share for the current year.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $105.53 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.