165,183 Bunge Global SA $BG Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Bunge Global SA (NYSE:BG) by 884.4% in the third quarter, HoldingsChannel reports. The fund owned 183,860 shares of the basic materials company’s stock after buying an additional 165,183 shares during the period. State of Alaska Department of Revenue’s holdings in Bunge Global were worth $19,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BG. Bank of New York Mellon Corp acquired a new stake in Bunge Global in the 2nd quarter worth about $266,653,000. Amundi raised its position in shares of Bunge Global by 9.4% in the first quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock valued at $150,853,000 after buying an additional 101,942 shares in the last quarter. Swiss National Bank boosted its stake in shares of Bunge Global by 3.5% in the first quarter. Swiss National Bank now owns 397,200 shares of the basic materials company’s stock valued at $50,524,000 after buying an additional 13,500 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Bunge Global by 2.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 372,952 shares of the basic materials company’s stock worth $47,439,000 after acquiring an additional 7,994 shares during the period. Finally, WCM Investment Management LLC bought a new position in Bunge Global during the 1st quarter worth $41,195,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE:BG traded up $0.37 during trading hours on Thursday, hitting $109.28. The company’s stock had a trading volume of 368,056 shares, compared to its average volume of 1,694,187. The stock has a fifty day simple moving average of $113.34 and a 200-day simple moving average of $117.82. The company has a market capitalization of $20.99 billion, a P/E ratio of 21.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64. Bunge Global SA has a twelve month low of $88.24 and a twelve month high of $134.87.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (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 company had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the firm posted $1.31 EPS. The firm’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, analysts anticipate that Bunge Global SA will post 9.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher Mahoney purchased 5,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $105.53 per share, with a total value of $527,650.00. Following the completion of the purchase, the director owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This trade represents a 60.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, August 19th. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. UBS Group raised 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, September 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $129.89.

Bunge Global Company Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that connects farmers with consumers by sourcing, storing, transporting, processing and marketing agricultural commodities. Its operations focus primarily on oilseeds, grains and related agricultural products, serving customers across food, feed, fuel and industrial markets.

The company processes soybeans, rapeseed, sunflower seed and other oilseeds into protein meals used in animal feed, as well as edible oils and specialty fats for food manufacturers, foodservice companies and consumers.