DRW Securities LLC Invests $236,000 in Bunge Global SA $BG

Key Points

• DRW Securities LLC recently acquired a new position in Bunge Global SA, purchasing 3,091 shares valued at approximately $236,000.
• Several institutional investors have increased their stakes in Bunge Global, including Dimensional Fund Advisors, which boosted its position by 34.6%, and Invesco, which increased by 3.8%.
• Bunge Global's stock has received mixed analyst ratings, with a current consensus rating of "Moderate Buy" and a price target averaging $85.33.

DRW Securities LLC bought a new position in Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,091 shares of the basic materials company's stock, valued at approximately $236,000.

Several other institutional investors have also recently made changes to their positions in BG. Manchester Capital Management LLC lifted its stake in Bunge Global by 588.5% in the first 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. UMB Bank n.a. raised its holdings in shares of Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 261 shares in the last quarter. Riverview Trust Co raised its holdings in shares of Bunge Global by 130.8% in the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 255 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Bunge Global in the 1st quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley boosted 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. JPMorgan Chase & Co. initiated coverage on Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Up 3.9%

NYSE BG traded up $3.19 on Friday, hitting $84.32. The stock had a trading volume of 1,981,853 shares, compared to its average volume of 1,927,329. The business's fifty day moving average price is $79.92 and its 200 day moving average price is $78.21. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 6.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $100.48.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate 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%.The business's revenue for the quarter 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. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired 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 in the company, valued at $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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.