WINTON GROUP Ltd Cuts Holdings in Bunge Global SA $BG

WINTON GROUP Ltd reduced its holdings in Bunge Global SA (NYSE:BG) by 95.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,307 shares of the basic materials company’s stock after selling 127,521 shares during the quarter. WINTON GROUP Ltd’s holdings in Bunge Global were worth $673,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Engineers Gate Manager LP raised its position in Bunge Global by 7,526.8% in the second quarter. Engineers Gate Manager LP now owns 155,435 shares of the basic materials company’s stock worth $16,590,000 after acquiring an additional 153,397 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth $222,000. NewEdge Advisors LLC boosted its position in shares of Bunge Global by 16.0% during the 2nd quarter. NewEdge Advisors LLC now owns 49,256 shares of the basic materials company’s stock worth $5,257,000 after purchasing an additional 6,788 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of Bunge Global during the 2nd quarter worth $1,116,000. Finally, Corient Private Wealth LP grew its stake in shares of Bunge Global by 15.1% during the 2nd quarter. Corient Private Wealth LP now owns 20,574 shares of the basic materials company’s stock worth $2,196,000 after purchasing an additional 2,705 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney bought 1,500 shares of Bunge Global stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $107.60 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. UBS Group increased their target price on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.33.

Bunge Global Stock Performance

Shares of BG opened at $121.35 on Tuesday. 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 stock has a market cap of $23.31 billion, a P/E ratio of 23.56 and a beta of 0.67. The company has a 50-day moving average of $115.44 and a two-hundred day moving average of $119.57. Bunge Global SA has a 12-month low of $76.01 and a 12-month high of $134.87.

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, beating the consensus estimate of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The business had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period in the prior year, the business earned $1.31 earnings per share. The company’s quarterly 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. As a group, research analysts predict that Bunge Global SA will post 9.72 EPS for the current fiscal year.

Bunge Global Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that sources, handles, processes and distributes agricultural commodities. Its activities include the origination, storage and transportation of oilseeds, grains and other agricultural products, as well as the production of vegetable oils, protein meals, specialty fats, ingredients and other food-related products.

The company serves food manufacturers, animal-feed producers, farmers, commercial customers and consumers through operations spanning North and South America, Europe, Asia and other international markets.