Yousif Capital Management LLC Boosts Stake in Bunge Global SA $BG

Yousif Capital Management LLC raised its position in Bunge Global SA (NYSE:BG) by 4.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,876 shares of the basic materials company’s stock after purchasing an additional 977 shares during the period. Yousif Capital Management LLC’s holdings in Bunge Global were worth $1,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BG. Cromwell Holdings LLC boosted its position 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 buying an additional 334 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Bunge Global in the 2nd quarter valued at about $29,000. Manchester Capital Management LLC boosted its position 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 buying an additional 359 shares during the last quarter. SVB Wealth LLC purchased a new position in Bunge Global in the 1st quarter valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd boosted its position 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 buying an additional 341 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

Bunge Global Price Performance

BG opened at $97.52 on Friday. The firm has a market cap 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. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $98.23. The company’s 50-day moving average price is $83.08 and its 200 day moving average price is $79.98. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, sell-side 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.