MLG Wealth Management DBA Pine Grove Financial Group Buys New Shares in Bunge Global SA $BG

MLG Wealth Management DBA Pine Grove Financial Group bought a new position in Bunge Global SA (NYSE:BG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,456 shares of the basic materials company’s stock, valued at approximately $1,116,000.

A number of other institutional investors have also bought and sold shares of BG. NewEdge Advisors LLC grew its position in shares of Bunge Global by 4,973.8% during the first quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock worth $5,402,000 after purchasing an additional 41,631 shares in the last quarter. Prudential PLC lifted its holdings in Bunge Global by 140.6% in the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company’s stock worth $1,251,000 after purchasing an additional 8,203 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Bunge Global by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,280,422 shares of the basic materials company’s stock worth $162,870,000 after purchasing an additional 9,271 shares during the period. WCM Investment Management LLC bought a new position in Bunge Global in the 1st quarter worth approximately $41,195,000. Finally, Swiss Life Asset Management Ltd grew its holdings in Bunge Global by 15.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 45,951 shares of the basic materials company’s stock valued at $4,093,000 after buying an additional 6,207 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Christopher Mahoney acquired 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the completion of the transaction, the director directly owned 13,320 shares of the company’s stock, valued at approximately $1,405,659.60. The trade was a 60.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Bunge Global Trading Up 0.2%

Shares of BG stock opened at $118.97 on Tuesday. Bunge Global SA has a 1 year low of $76.01 and a 1 year high of $134.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $113.80 and its two-hundred day simple moving average is $119.53. The company has a market cap of $22.86 billion, a PE ratio of 23.10 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. The firm had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The company’s quarterly revenue was up 88.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Research analysts predict that Bunge Global SA will post 9.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Company 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.