State of Alaska Department of Revenue Acquires 165,183 Shares of Bunge Global SA $BG

State of Alaska Department of Revenue boosted its stake in shares of Bunge Global SA (NYSE:BG) by 884.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 183,860 shares of the basic materials company’s stock after buying an additional 165,183 shares during the period. State of Alaska Department of Revenue owned approximately 0.10% of Bunge Global worth $19,327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BG. Hyposwiss Advisors SA bought a new stake in Bunge Global in the 4th quarter valued at $45,000. Global Trust Asset Management LLC bought a new stake in shares of Bunge Global in the first quarter valued at about $47,000. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global during the second quarter worth about $50,000. Root Financial Partners LLC boosted its position in shares of Bunge Global by 23.5% during the first 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 during the period. Finally, Hilltop National Bank bought a new position in shares of Bunge Global during the second quarter worth about $63,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

BG has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered their target price on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, UBS Group raised their price target on Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.89.

Bunge Global Stock Performance

Bunge Global stock traded up $0.37 during midday trading on Thursday, reaching $109.28. 368,056 shares of the company’s stock were exchanged, compared to its average volume of 1,694,187. The stock’s 50-day simple moving average is $113.34 and its 200 day simple moving average is $117.82. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 21.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. Bunge Global SA has a 52 week low of $88.24 and a 52 week high of $134.87.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, topping 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 business had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the firm earned $1.31 EPS. The firm’s 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, analysts expect that Bunge Global SA will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $105.53 per share, with a total value of $527,650.00. Following the completion of the transaction, the director directly owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.