Bleakley Financial Group LLC Sells 685 Shares of Bunge Global SA $BG

Bleakley Financial Group LLC cut its stake in Bunge Global SA (NYSE:BG) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,664 shares of the basic materials company’s stock after selling 685 shares during the period. Bleakley Financial Group LLC’s holdings in Bunge Global were worth $3,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Bunge Global by 152.1% in the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 1,976 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Bunge Global by 111.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,418 shares of the basic materials company’s stock worth $796,000 after purchasing an additional 5,486 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Bunge Global in the first quarter worth $295,000. Cambridge Investment Research Advisors Inc. lifted its position in Bunge Global by 4.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,926 shares of the basic materials company’s stock valued at $1,370,000 after buying an additional 710 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Bunge Global by 8.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 81,427 shares of the basic materials company’s stock valued at $6,223,000 after buying an additional 6,179 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 1.2%

Shares of NYSE BG opened at $96.67 on Friday. The firm’s 50 day moving average price is $84.17 and its 200-day moving average price is $80.54. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The company has a market cap of $19.34 billion, a PE ratio of 9.66, a P/E/G ratio of 8.29 and a beta of 0.66.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share 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 analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm’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, equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BG. Barclays increased their price target on shares of Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Stephens raised their target price on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Zacks Research upgraded shares of Bunge Global from a “strong sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets boosted their price target on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley raised their price objective on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.71.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by corporate insiders.

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.