12,172 Shares in Bunge Global SA $BG Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR purchased 12,172 shares of Bunge Global SA, valued at approximately $977,000, indicating increasing institutional interest in the agricultural company.
• Analysts have lifted Bunge Global's target prices significantly, with several firms setting new targets between $83.00 and $115.00, reflecting a strong optimistic outlook on the stock.
• Insider activity saw Director Christopher Mahoney acquire 5,000 shares at an average price of $81.73, resulting in a 231.05% increase in his ownership, which may signal confidence in the company's future performance.

Generali Asset Management SPA SGR purchased a new position in Bunge Global SA (NYSE:BG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,172 shares of the basic materials company's stock, valued at approximately $977,000.

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

Wall Street Analyst Weigh In

BG has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Bunge Global from $95.00 to $107.00 and gave the company an "overweight" rating in a research report on Thursday. Stephens boosted their target price on Bunge Global from $85.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley boosted their target price 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. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, October 8th. Finally, BMO Capital Markets boosted their target price on Bunge Global from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and a consensus price target of $94.86.

Insider Activity

In other news, Director Christopher Mahoney purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company's stock.

Bunge Global Stock Up 2.3%

Shares of NYSE BG opened at $97.52 on Friday. 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 has a market capitalization of $19.51 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 8.15 and a beta of 0.66. The stock has a 50 day moving average price of $83.08 and a 200 day moving average price of $79.97. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $98.23.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. 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.

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