Alliancebernstein L.P. Has $15.71 Million Stock Position in Bunge Global SA $BG

Key Points

• Alliancebernstein L.P. increased its stake in Bunge Global SA by 1.7% during the first quarter, acquiring an additional 3,427 shares, bringing its total ownership to approximately $15.7 million.
• Several large investors, including UMB Bank n.a. and Manchester Capital Management LLC, made substantial increases in their positions in Bunge Global, indicating strong institutional interest with 86.23% of the company owned by institutional investors.
• Wall Street analysts have given Bunge Global a consensus rating of "Moderate Buy" with an average target price of $85.33, reflecting positive sentiment towards the company's growth potential.

Alliancebernstein L.P. boosted its stake in Bunge Global SA (NYSE:BG - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 205,557 shares of the basic materials company's stock after buying an additional 3,427 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Bunge Global worth $15,709,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BG. Captrust Financial Advisors grew its position in shares of Bunge Global by 19.0% during the 4th quarter. Captrust Financial Advisors now owns 4,899 shares of the basic materials company's stock worth $381,000 after purchasing an additional 783 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Bunge Global by 7.6% during the 4th quarter. Cetera Investment Advisers now owns 16,437 shares of the basic materials company's stock worth $1,278,000 after purchasing an additional 1,166 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Bunge Global during the 4th quarter worth approximately $270,000. Jefferies Financial Group Inc. grew its position in shares of Bunge Global by 43.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 20,143 shares of the basic materials company's stock worth $1,566,000 after purchasing an additional 6,106 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Bunge Global by 459.9% during the 4th quarter. Janus Henderson Group PLC now owns 143,289 shares of the basic materials company's stock worth $11,139,000 after purchasing an additional 117,699 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Price Performance

NYSE:BG traded down $1.21 on Monday, hitting $80.41. The company had a trading volume of 1,593,196 shares, compared to its average volume of 1,853,969. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 6.09 and a beta of 0.67. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $80.24 and a two-hundred day moving average of $78.54. 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 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%. The firm's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Christopher Mahoney acquired 5,000 shares of the company's stock in a transaction that occurred 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 purchase, 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 through this link. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BG shares. Morgan Stanley increased their target price 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. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Bunge Global has a consensus rating of "Moderate Buy" and an average price target of $85.33.

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.