Bank of New York Mellon Corp Has $162.87 Million Stock Holdings in Bunge Global SA $BG

Bank of New York Mellon Corp raised its stake in Bunge Global SA (NYSE:BG) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,280,422 shares of the basic materials company’s stock after purchasing an additional 9,271 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bunge Global were worth $162,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BG. Quest 10 Wealth Builders Inc. bought a new stake in shares of Bunge Global during the 4th quarter worth approximately $27,000. Global Trust Asset Management LLC bought a new position in shares of Bunge Global in the first quarter valued at $47,000. CYBER HORNET ETFs LLC bought a new position in shares of Bunge Global in the second quarter valued at $31,000. MUFG Securities EMEA plc acquired a new position in Bunge Global during the second quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Bunge Global during the fourth quarter worth $35,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Barclays boosted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BMO Capital Markets upped their target price on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Eight research 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 an average rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Stock Up 2.8%

BG opened at $119.02 on Friday. The stock’s fifty day simple moving average is $118.78 and its 200 day simple moving average is $117.94. Bunge Global SA has a 1-year low of $73.17 and a 1-year high of $134.87. The stock has a market cap of $23.09 billion, a PE ratio of 27.74 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The firm had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. During the same period in the previous year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, research analysts expect that Bunge Global SA will post 9.61 earnings per share 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.