Bunge Global SA $BG Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in shares of Bunge Global SA (NYSE:BG) by 49,582.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,763 shares of the basic materials company’s stock after purchasing an additional 193,373 shares during the period. TD Waterhouse Canada Inc.’s holdings in Bunge Global were worth $19,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC grew its holdings in Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 85 shares during the period. Gould Asset Management LLC CA increased its position in Bunge Global by 2.3% in the first quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock worth $557,000 after buying an additional 99 shares in the last quarter. CoreCap Advisors LLC increased its position in Bunge Global by 19.3% in the second quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company’s stock worth $80,000 after buying an additional 121 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Bunge Global by 0.6% in the first quarter. PNC Financial Services Group Inc. now owns 20,150 shares of the basic materials company’s stock worth $2,563,000 after buying an additional 129 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Bunge Global by 5.7% in the second quarter. Valeo Financial Advisors LLC now owns 2,421 shares of the basic materials company’s stock worth $258,000 after buying an additional 130 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Down 0.8%

BG opened at $106.15 on Friday. The firm has a 50-day simple moving average of $113.26 and a two-hundred day simple moving average of $117.58. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87. The company has a market capitalization of $20.39 billion, a PE ratio of 20.61 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The firm had revenue of $24.04 billion during the quarter, compared to analyst estimates of $22.81 billion. During the same quarter last year, the business posted $1.31 earnings per share. The business’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. Analysts forecast that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $107.60 per share, with a total value of $161,400.00. Following the completion of the purchase, the director owned 14,820 shares in the company, valued at approximately $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 this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

BG has been the topic of a number of analyst reports. UBS Group lifted their price objective on Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. BMO Capital Markets reissued an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average 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.