Bunge Global SA $BG Stock Position Lessened 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 shares of Bunge Global SA (NYSE:BG - Free Report) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,587 shares of the basic materials company's stock after selling 67,231 shares during the quarter. Bunge Global makes up 3.6% of MBB Public Markets I LLC's holdings, making the stock its 8th biggest holding. MBB Public Markets I LLC owned about 0.32% of Bunge Global worth $32,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in shares of Bunge Global by 12.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock valued at $95,000 after buying an additional 135 shares during the period. Allworth Financial LP raised its position in shares of Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock worth $76,000 after purchasing an additional 146 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Bunge Global by 0.9% in the 1st quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock worth $1,321,000 after purchasing an additional 149 shares in the last quarter. Moors & Cabot Inc. grew its position in Bunge Global by 2.1% in the 1st quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock valued at $588,000 after purchasing an additional 158 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Bunge Global by 24.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 999 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

BG stock traded down $0.39 during mid-day trading on Thursday, hitting $81.95. The company had a trading volume of 1,068,327 shares, compared to its average volume of 1,990,024. 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 firm has a market cap of $16.39 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 6.15 and a beta of 0.67. 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 $80.10 and its two-hundred day moving average price is $78.36.

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 (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of 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 report on Tuesday, August 12th. JPMorgan Chase & Co. started 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Insider Activity

In other news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by 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.