Mutual Advisors LLC Trims Stock Position in Bunge Global SA $BG

Mutual Advisors LLC lessened its stake in Bunge Global SA (NYSE:BG) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,419 shares of the basic materials company’s stock after selling 369 shares during the period. Mutual Advisors LLC’s holdings in Bunge Global were worth $805,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its holdings in Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 334 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Bunge Global in the 2nd quarter valued at approximately $29,000. Manchester Capital Management LLC increased its holdings in Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 359 shares during the last quarter. SVB Wealth LLC acquired a new stake in Bunge Global in the 1st quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director directly owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on BG shares. Morgan Stanley raised their price target on shares of Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. BMO Capital Markets raised their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stephens raised their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.86.

Bunge Global Stock Up 2.3%

Shares of NYSE BG opened at $97.52 on Friday. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The business has a 50-day moving average of $83.08 and a two-hundred day moving average of $79.98. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $98.23.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.