Bunge Global SA $BG Shares Bought by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC increased its stake in Bunge Global SA by 60.2%, now holding 106,219 shares valued at approximately $8.1 million, making it the third largest position in their portfolio.
• Bunge Global reported $1.31 earnings per share for the last quarter, exceeding analysts' expectations, but its revenue showed a 3.6% decline year-over-year.
• Analysts maintain a Moderate Buy rating for Bunge Global, with an average target price of $85.33, signaling potential for growth despite some recent price adjustments.

American Trust Investment Advisors LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 60.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,219 shares of the basic materials company's stock after purchasing an additional 39,905 shares during the period. Bunge Global comprises approximately 3.4% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 3rd biggest position. American Trust Investment Advisors LLC owned 0.08% of Bunge Global worth $8,117,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 261 shares during the last quarter. Manchester Capital Management LLC increased its holdings 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 purchasing an additional 359 shares during the period. Riverview Trust Co increased its holdings in Bunge Global by 130.8% in the first 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 during the period. SVB Wealth LLC acquired a new stake in Bunge Global in the first quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in 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 valued at $39,000 after purchasing an additional 341 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Up 3.9%

Bunge Global stock traded up $3.19 during trading hours on Friday, reaching $84.32. 1,981,853 shares of the company's stock were exchanged, compared to its average volume of 1,903,514. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The firm's 50 day simple moving average is $79.92 and its 200 day simple moving average is $78.11. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48. The firm has a market capitalization of $16.87 billion, a PE ratio of 8.42, a PEG ratio of 6.06 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly 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 firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate 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 was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

BG has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.