Public Employees Retirement System of Ohio Buys New Shares in Bunge Global SA $BG

Public Employees Retirement System of Ohio purchased a new stake in shares of Bunge Global SA (NYSE:BG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 37,849 shares of the basic materials company’s stock, valued at approximately $4,040,000.

Several other institutional investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc bought a new stake in Bunge Global during the 2nd quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Bunge Global during the 4th quarter worth approximately $35,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Bunge Global by 152.9% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of Bunge Global by 57.7% in the second quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 176 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Finally, Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Performance

Shares of NYSE BG opened at $120.12 on Friday. The company has a market cap of $23.08 billion, a P/E ratio of 23.32 and a beta of 0.67. Bunge Global SA has a 52-week low of $76.01 and a 52-week high of $134.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The firm’s fifty day moving average is $113.43 and its two-hundred day moving average is $119.58.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.97 by $0.03. The business had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The business’s revenue was up 88.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, analysts anticipate that Bunge Global SA will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher Mahoney purchased 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the acquisition, the director directly owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This represents a 60.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

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.