Bunge Global SA $BG Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in shares of Bunge Global SA (NYSE:BG) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,186 shares of the basic materials company’s stock after selling 14,773 shares during the period. New York State Teachers Retirement System owned about 0.09% of Bunge Global worth $9,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. SBI Securities Co. Ltd. raised its position in shares of Bunge Global by 12.2% in the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company’s stock valued at $95,000 after buying an additional 135 shares during the last quarter. Allworth Financial LP raised its position in shares of Bunge Global by 18.4% in the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company’s stock valued at $76,000 after buying an additional 146 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Bunge Global by 0.9% in the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock valued at $1,321,000 after buying an additional 149 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Bunge Global by 2.1% in the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after buying an additional 158 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of Bunge Global by 4.0% in the second quarter. Greenleaf Trust now owns 4,221 shares of the basic materials company’s stock valued at $339,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

Shares of BG stock opened at $97.52 on Monday. The company has a market capitalization of $19.51 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66. The firm has a fifty day simple moving average of $83.08 and a 200-day simple moving average of $80.00. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $98.23.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BG shares. Morgan Stanley boosted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. BMO Capital Markets boosted their target price on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Stephens boosted their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $94.86.

Bunge Global Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.