MidWestOne Financial Group Inc. Buys 5,576 Shares of Bunge Global SA $BG

MidWestOne Financial Group Inc. lifted its stake in shares of Bunge Global SA (NYSE:BG) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 53,588 shares of the basic materials company’s stock after buying an additional 5,576 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Bunge Global were worth $4,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CoreCap Advisors LLC lifted its position in Bunge Global by 2,000.0% during the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Bunge Global during the 3rd quarter worth approximately $28,000. CYBER HORNET ETFs LLC acquired a new stake in Bunge Global during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc bought a new stake in Bunge Global in the 2nd quarter valued at $32,000. Finally, Rakuten Securities Inc. boosted its stake in Bunge Global by 57.7% in the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Activity at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the sale, the vice president directly owned 104,537 shares in the company, valued at $9,865,156.69. This represents a 19.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $122.54 on Friday. The firm has a 50 day moving average of $102.61 and a 200-day moving average of $92.69. Bunge Global SA has a 12 month low of $68.33 and a 12 month high of $124.78. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $23.70 billion, a PE ratio of 22.61, a PEG ratio of 0.77 and a beta of 0.78.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The business had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. During the same period last year, the firm posted $2.13 earnings per share. The firm’s quarterly revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their target price on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. UBS Group lifted their price objective on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating and set a $130.00 target price on shares of Bunge Global in a research report on Thursday, February 5th. CICC Research raised their target price on shares of Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Finally, Morgan Stanley boosted their price target on Bunge Global from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

About Bunge Global

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.