111 Capital Sells 3,132 Shares of Bunge Global SA $BG

Key Points

• 111 Capital reduced its ownership in Bunge Global SA by 38.1%, selling 3,132 shares, and now holds 5,080 shares valued at approximately $408,000.
• Various institutional investors have shown significant activity, including Cromwell Holdings LLC, which increased its holdings by 4,175.0%, and UMB Bank, which raised its stake by 163.1%.
• Bunge Global SA reported earnings per share of $1.31 for the last quarter, exceeding analysts' predictions, while also projecting 7.94 earnings per share for the current year.

111 Capital trimmed its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 38.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,080 shares of the basic materials company's stock after selling 3,132 shares during the period. 111 Capital's holdings in Bunge Global were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Cromwell Holdings LLC raised its position in shares of Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock worth $27,000 after acquiring an additional 334 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Bunge Global during the 2nd quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after buying an additional 261 shares during the period. Manchester Capital Management LLC grew its holdings in 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. Finally, SVB Wealth LLC bought a new stake in shares of Bunge Global during the 1st quarter valued at $38,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BG shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Bunge Global in a report on Saturday, September 27th. Morgan Stanley lifted their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $85.33.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This trade 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 at this hyperlink. 0.80% of the stock is currently owned by insiders.

Bunge Global Trading Up 1.2%

NYSE:BG opened at $84.01 on Monday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.39. 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 firm's fifty day moving average is $81.87 and its 200-day moving average is $79.26. The firm has a market cap of $16.81 billion, a P/E ratio of 8.39, a P/E/G ratio of 6.27 and a beta of 0.66.

Bunge Global (NYSE:BG - Get Free Report) last announced its earnings results 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 business had revenue of $12.77 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

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.

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