Sumitomo Mitsui DS Asset Management Company Ltd Purchases 503,469 Shares of Bunge Global SA $BG

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Bunge Global SA (NYSE:BG – Free Report) by 3,023.7% during the third quarter, HoldingsChannel reports. The fund owned 520,120 shares of the basic materials company’s stock after acquiring an additional 503,469 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bunge Global were worth $54,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BG. Clark Wealth Partners boosted its holdings in Bunge Global by 3,657.1% in the 3rd quarter. Clark Wealth Partners now owns 263 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Bunge Global during the 1st quarter worth approximately $47,000. Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global during the 2nd quarter worth approximately $50,000. Root Financial Partners LLC raised its stake in shares of Bunge Global by 23.5% during the 1st quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock worth $57,000 after buying an additional 85 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Bunge Global in the 2nd quarter valued at approximately $63,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director directly owned 14,820 shares in the company, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on BG. JPMorgan Chase & Co. decreased their price target on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. UBS Group upped their price objective on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Finally, Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.89.

Get Our Latest Report on Bunge Global

Bunge Global Trading Down 3.0%

Shares of BG opened at $102.93 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average is $113.07 and its two-hundred day moving average is $117.35. Bunge Global SA has a twelve month low of $88.24 and a twelve month high of $134.87. The firm has a market capitalization of $19.78 billion, a P/E ratio of 19.99 and a beta of 0.73.

Bunge Global (NYSE:BG – Get Free Report) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.81 billion. During the same period last year, the company posted $1.31 earnings per share. The firm’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. On average, research analysts predict that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

About Bunge Global

(Free Report)

Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.

The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.

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