Bunge Global SA $BG Shares Sold by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC reduced its holdings in Bunge Global SA by 13.5%, selling 67,231 shares, which leaves them with 431,587 shares, representing 3.6% of their overall portfolio.
• The stock has seen significant interest from other institutional investors, with UMB Bank increasing its stake by 163.1%, and Manchester Capital Management boosting its holdings by 588.5% in the first quarter.
• Analysts have upgraded Bunge Global's price target, with Morgan Stanley raising it to $83.00 and JPMorgan setting a target at $95.00, contributing to an average rating of "Moderate Buy" for the stock.

MBB Public Markets I LLC trimmed its stake in Bunge Global SA (NYSE:BG - Free Report) by 13.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 431,587 shares of the basic materials company's stock after selling 67,231 shares during the period. Bunge Global comprises 3.6% of MBB Public Markets I LLC's investment portfolio, making the stock its 8th biggest holding. MBB Public Markets I LLC owned approximately 0.32% of Bunge Global worth $32,982,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. AustralianSuper Pty Ltd purchased a new stake in Bunge Global during the 1st quarter worth approximately $92,552,000. Voloridge Investment Management LLC increased its stake in Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after buying an additional 991,607 shares during the period. Dimensional Fund Advisors LP increased its stake in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock worth $255,756,000 after buying an additional 859,733 shares during the period. Man Group plc purchased a new stake in Bunge Global during the 4th quarter worth approximately $50,561,000. Finally, Nuveen LLC purchased a new stake in Bunge Global during the 1st quarter worth approximately $40,963,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney acquired 5,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company's stock.

Bunge Global Stock Down 0.3%

Shares of NYSE:BG traded down $0.26 during trading hours on Friday, reaching $81.68. The stock had a trading volume of 1,200,962 shares, compared to its average volume of 1,943,971. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $100.48. The firm's 50 day moving average is $80.24 and its 200-day moving average is $78.47. 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 stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 6.12 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating 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 company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the firm posted $1.73 EPS. The company's quarterly 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. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BG shares. Morgan Stanley upped 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 note on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.33.

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.