Bank of America Corp DE Has $98.66 Million Stake in Bunge Global SA $BG

Bank of America Corp DE lessened its stake in Bunge Global SA (NYSE:BG) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 775,613 shares of the basic materials company’s stock after selling 7,817 shares during the period. Bank of America Corp DE’s holdings in Bunge Global were worth $98,658,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares in the last quarter. KBC Group NV increased its position in shares of Bunge Global by 35.9% during the 4th quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock worth $3,321,000 after purchasing an additional 9,849 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Bunge Global during the 4th quarter worth about $560,000. Friedenthal Financial bought a new position in Bunge Global during the 4th quarter valued at about $1,035,000. Finally, Jones Kertz & Associates Inc. bought a new position in Bunge Global during the 4th quarter valued at about $1,675,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BG has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Barclays increased their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Trading Down 0.6%

NYSE BG opened at $108.30 on Friday. The firm has a market cap of $20.81 billion, a P/E ratio of 21.03 and a beta of 0.65. 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 moving average is $115.96 and its 200-day moving average is $119.67. Bunge Global SA has a one year low of $76.01 and a one year high of $134.87.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $24.04 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Sell-side analysts anticipate that Bunge Global SA will post 9.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of Bunge Global stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the completion of the acquisition, the director owned 13,320 shares of the company’s stock, valued at approximately $1,405,659.60. This trade represents a 60.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.

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.