8,653 Shares of Bunge Global SA $BG Bought by Root Financial Partners LLC

Root Financial Partners LLC 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 8,653 shares of the basic materials company’s stock, valued at approximately $909,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MLG Wealth Management DBA Pine Grove Financial Group bought a new stake in shares of Bunge Global in the second quarter valued at approximately $1,116,000. NewEdge Advisors LLC grew its stake in shares of Bunge Global by 4,973.8% in 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 during the last quarter. National Pension Service increased its position 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 during the period. TD Waterhouse Canada Inc. increased its position 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 during the period. Finally, NorthCrest Asset Manangement LLC increased its position in 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 worth $16,676,000 after acquiring an additional 143,941 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. JPMorgan Chase & Co. decreased their price target on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. UBS Group boosted their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a 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 report on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $129.89.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 1,500 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the purchase, the director owned 14,820 shares in the company, valued at $1,594,632. This represents a 11.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Bunge Global Stock Performance

BG opened at $103.16 on Friday. The stock has a market cap of $19.82 billion, a PE ratio of 20.03 and a beta of 0.73. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. Bunge Global SA has a 1 year low of $88.24 and a 1 year high of $134.87. The stock’s 50 day simple moving average is $112.29 and its 200-day simple moving average is $116.70.

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