Mission Wealth Management LP Buys Shares of 2,522 Bunge Global SA $BG

Mission Wealth Management LP purchased a new position in shares of Bunge Global SA (NYSE:BG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,522 shares of the basic materials company’s stock, valued at approximately $202,000.

Other hedge funds also recently modified their holdings of the company. Cromwell Holdings LLC grew its holdings in Bunge Global by 4,175.0% during the second 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 period. Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at $29,000. Manchester Capital Management LLC grew its stake in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 359 shares during the period. SVB Wealth LLC bought a new position in shares of Bunge Global during the 1st quarter worth $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 worth $39,000 after acquiring an additional 341 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

Bunge Global Stock Performance

Bunge Global stock opened at $95.55 on Thursday. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $99.55. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $19.12 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The firm’s 50 day simple moving average is $86.31 and its 200 day simple moving average is $81.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS. As a group, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BG has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Stephens boosted 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, October 17th. BMO Capital Markets raised their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Morgan Stanley set a $95.00 target price on shares of Bunge Global in a report on Monday, October 27th. Finally, Barclays increased their target price on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.43.

Bunge Global 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.