Bunge Global SA $BG Stake Lifted by Uncommon Cents Investing Inc

Uncommon Cents Investing Inc lifted its holdings in Bunge Global SA (NYSE:BG) by 43.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,411 shares of the basic materials company’s stock after purchasing an additional 14,245 shares during the quarter. Bunge Global accounts for about 1.1% of Uncommon Cents Investing Inc’s investment portfolio, making the stock its 25th biggest holding. Uncommon Cents Investing Inc’s holdings in Bunge Global were worth $5,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MLG Wealth Management DBA Pine Grove Financial Group purchased a new position in Bunge Global in the 2nd quarter worth about $1,116,000. NewEdge Advisors LLC lifted its stake in Bunge Global by 4,973.8% during the 1st quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock valued at $5,402,000 after acquiring an additional 41,631 shares during the period. National Pension Service boosted its holdings in shares of Bunge Global by 267.7% during the 2nd quarter. National Pension Service now owns 31,461 shares of the basic materials company’s stock valued at $3,358,000 after acquiring an additional 22,904 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Bunge Global by 49,582.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock valued at $19,654,000 after acquiring an additional 193,373 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Bunge Global by 1,220.7% in 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. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Christopher Mahoney purchased 1,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 14,820 shares in the company, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Bunge Global Stock Down 0.1%

Shares of BG stock opened at $103.03 on Wednesday. Bunge Global SA has a 12 month low of $88.24 and a 12 month high of $134.87. The stock has a market cap of $19.79 billion, a P/E ratio of 20.00 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. The company has a 50 day simple moving average of $112.89 and a two-hundred day simple moving average of $117.17.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company had revenue of $24.04 billion for the quarter, compared to the consensus estimate of $22.81 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Bunge Global’s revenue was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, research analysts expect that Bunge Global SA will post 9.61 earnings per share 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.