Bunge Global SA $BG Shares Bought by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. increased its holdings in Bunge Global SA by 87.3% during the first quarter, now owning approximately 182,934 shares worth $13.98 million.
• Insider activity included Director Christopher Mahoney purchasing 5,000 shares at an average price of $81.73, representing a significant 231.05% increase in ownership.
• Bunge Global's stock has seen a rise of 3.9%, with a current market cap of $16.87 billion, and reported earnings per share of $1.31 for the last quarter, exceeding expectations.

Punch & Associates Investment Management Inc. boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 87.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,934 shares of the basic materials company's stock after purchasing an additional 85,290 shares during the period. Punch & Associates Investment Management Inc. owned about 0.14% of Bunge Global worth $13,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in Bunge Global by 12.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 135 shares during the period. Allworth Financial LP lifted its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 146 shares during the period. Public Sector Pension Investment Board lifted its position in Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock valued at $1,321,000 after purchasing an additional 149 shares during the period. Moors & Cabot Inc. lifted its position in Bunge Global by 2.1% during the first 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. lifted its position in Bunge Global by 24.9% during the first 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 during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney purchased 5,000 shares of Bunge Global stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by company insiders.

Bunge Global Stock Up 3.9%

BG opened at $84.32 on Friday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48. 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 company has a 50-day moving average price of $79.92 and a 200 day moving average price of $78.11. The company has a market cap of $16.87 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 6.06 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of 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 shares of Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

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