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

MidWestOne Financial Group Inc. boosted its stake in Bunge Global SA (NYSE:BG) by 11.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 53,588 shares of the basic materials company’s stock after acquiring an additional 5,576 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Bunge Global were worth $4,354,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its stake in shares of Bunge Global by 16.8% in the 3rd quarter. Metis Global Partners LLC now owns 26,243 shares of the basic materials company’s stock valued at $2,132,000 after acquiring an additional 3,767 shares during the last quarter. Assetmark Inc. increased its holdings in Bunge Global by 5.7% in the 3rd quarter. Assetmark Inc. now owns 24,539 shares of the basic materials company’s stock worth $1,994,000 after purchasing an additional 1,314 shares in the last quarter. Public Sector Pension Investment Board raised its position in Bunge Global by 18.4% in the third quarter. Public Sector Pension Investment Board now owns 12,092 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 1,879 shares during the last quarter. Rhumbline Advisers raised its position in Bunge Global by 14.3% in the third quarter. Rhumbline Advisers now owns 342,586 shares of the basic materials company’s stock valued at $27,835,000 after purchasing an additional 42,801 shares during the last quarter. Finally, Bryce Point Capital LLC acquired a new stake in shares of Bunge Global during the third quarter valued at about $535,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BG shares. Bank of America raised their price objective on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings raised shares of Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Barclays lifted their price target on shares of Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. UBS Group increased their price objective on Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, CICC Research lifted their target price on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Activity at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction that occurred 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 owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Bunge Global Trading Up 0.7%

BG opened at $122.54 on Friday. Bunge Global SA has a twelve month low of $68.33 and a twelve month high of $124.78. The company has a fifty day moving average of $102.61 and a 200-day moving average of $92.69. The stock has a market cap of $23.70 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 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 quarter in the prior year, the firm posted $2.13 earnings per share. The business’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, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global 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.