Foster & Motley Inc. Buys Shares of 6,697 Bunge Global SA $BG

Foster & Motley Inc. acquired a new position in Bunge Global SA (NYSE:BG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,697 shares of the basic materials company’s stock, valued at approximately $715,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI purchased a new position in Bunge Global during the 2nd quarter worth $814,000. Bank of New York Mellon Corp acquired a new position in Bunge Global in the 2nd quarter worth approximately $266,653,000. Stoneridge Investment Partners LLC purchased a new position in shares of Bunge Global during the second quarter worth $486,000. Handelsbanken Fonder AB raised its stake in shares of Bunge Global by 23.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 28,002 shares of the basic materials company’s stock valued at $2,989,000 after buying an additional 5,400 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Bunge Global by 26.8% in the second quarter. Fulton Bank N.A. now owns 4,966 shares of the basic materials company’s stock valued at $530,000 after acquiring an additional 1,050 shares during the period. Institutional investors own 86.23% of the company’s stock.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 1,500 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director owned 14,820 shares in the company, valued at $1,594,632. This represents a 11.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Barclays raised their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Price Performance

Shares of BG opened at $114.13 on Thursday. The firm has a 50-day simple moving average of $113.54 and a 200-day simple moving average of $119.73. Bunge Global SA has a fifty-two week low of $76.01 and a fifty-two week high of $134.87. The company has a market capitalization of $21.93 billion, a price-to-earnings ratio of 22.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS 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 business had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts anticipate that Bunge Global SA will post 9.72 earnings per share for the current year.

Bunge Global Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.