Alliancebernstein L.P. Acquires 3,427 Shares of 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. raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,557 shares of the basic materials company's stock after acquiring an additional 3,427 shares during the quarter. Alliancebernstein L.P. owned about 0.15% of Bunge Global worth $15,709,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 261 shares during the last quarter. 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 valued at $32,000 after acquiring an additional 359 shares during the last quarter. Riverview Trust Co lifted its stake in shares of Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after buying an additional 255 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Bunge Global in the first quarter worth $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Bunge Global by 197.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock worth $39,000 after buying an additional 341 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, the director owned 7,164 shares of the company's stock, valued at $585,513.72. The trade was a 231.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BG. 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. began coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective for the company. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

BG stock traded down $3.22 on Wednesday, reaching $80.47. 1,880,405 shares of the company were exchanged, compared to its average volume of 1,961,487. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $100.48. The stock's fifty day moving average price is $80.60 and its 200 day moving average price is $78.63. The firm has a market capitalization of $16.10 billion, a PE ratio of 8.04, a PEG ratio of 6.25 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 (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Bunge Global's revenue was down 3.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

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.