IFP Advisors Inc Cuts Stock Holdings in Bunge Global SA $BG

IFP Advisors Inc decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 50.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190 shares of the basic materials company’s stock after selling 1,229 shares during the quarter. IFP Advisors Inc’s holdings in Bunge Global were worth $98,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cromwell Holdings LLC grew its holdings in shares of Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Bunge Global in the second quarter worth approximately $29,000. Manchester Capital Management LLC boosted its stake in Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock worth $32,000 after buying an additional 359 shares in the last quarter. SVB Wealth LLC purchased a new stake in Bunge Global in the first quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Bunge Global by 197.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after buying an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares of the company’s stock, valued at $585,513.72. The trade was a 231.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Bunge Global Stock Performance

Shares of BG stock opened at $97.52 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $98.23. The stock has a 50 day moving average price of $83.08 and a two-hundred day moving average price of $80.00. The company has a market capitalization of $19.51 billion, a P/E ratio of 9.74, a PEG ratio of 8.34 and a beta of 0.66.

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

About Bunge Global

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.