Verdence Capital Advisors LLC Sells 1,059 Shares of Bunge Global SA $BG

Verdence Capital Advisors LLC decreased its position in Bunge Global SA (NYSE:BG) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,194 shares of the basic materials company’s stock after selling 1,059 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Bunge Global were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock valued at $255,756,000 after purchasing an additional 859,733 shares during the period. Invesco Ltd. increased its holdings in Bunge Global by 3.8% during the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock valued at $254,446,000 after purchasing an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Bunge Global by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock valued at $122,552,000 after buying an additional 101,586 shares during the period. AustralianSuper Pty Ltd purchased a new position in shares of Bunge Global during the first quarter valued at approximately $92,552,000. Finally, AQR Capital Management LLC increased its stake in shares of Bunge Global by 80.5% during the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock valued at $76,077,000 after buying an additional 443,893 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.57.

Bunge Global Price Performance

Shares of BG opened at $95.25 on Friday. The stock has a market cap of $19.06 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 7.96 and a beta of 0.66. 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 $98.11. The firm’s 50-day simple moving average is $82.80 and its two-hundred day simple moving average is $79.83.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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 company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the business’s 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 purchase, the director owned 7,164 shares in the company, valued at approximately $585,513.72. The trade was a 231.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.