Kornitzer Capital Management Inc. KS Sells 190 Shares of Bunge Global SA $BG

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,100 shares of the basic materials company’s stock after selling 190 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.05% of Bunge Global worth $5,708,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its position in Bunge Global by 12.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company’s stock valued at $95,000 after buying an additional 135 shares during the period. Allworth Financial LP grew its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company’s stock valued at $76,000 after buying an additional 146 shares during the period. Public Sector Pension Investment Board grew its position in Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock valued at $1,321,000 after buying an additional 149 shares during the period. Moors & Cabot Inc. grew its position in Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after buying an additional 158 shares during the period. Finally, Greenleaf Trust grew its position in Bunge Global by 4.0% during the second quarter. Greenleaf Trust now owns 4,221 shares of the basic materials company’s stock valued at $339,000 after buying an additional 164 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

BG stock opened at $97.81 on Friday. Bunge Global SA has a one year low of $67.40 and a one year high of $99.40. The company’s fifty day moving average price is $84.49 and its 200-day moving average price is $80.82. 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 capitalization of $19.57 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 8.49 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BG. Stephens boosted their target price 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. Barclays upped 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 report on Tuesday. JPMorgan Chase & Co. upped 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, October 16th. Morgan Stanley upped 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.71.

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.