Bunge Global SA $BG Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in Bunge Global SA by 79.0% during the second quarter, now holding 7,355 shares worth $590,000.
• Bunge Global reported a quarterly EPS of $1.31, surpassing expectations, along with a revenue of $12.77 billion, despite a 3.6% decline year-over-year.
• Institutional investors own 86.23% of Bunge Global's stock, with several firms like Cromwell Holdings and Manchester Capital making significant adjustments to their holdings.

Inspire Investing LLC boosted its position in Bunge Global SA (NYSE:BG - Free Report) by 79.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,355 shares of the basic materials company's stock after acquiring an additional 3,246 shares during the quarter. Inspire Investing LLC's holdings in Bunge Global were worth $590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC raised its holdings in shares of Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 334 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Bunge Global in the second quarter valued at $29,000. Manchester Capital Management LLC raised its position in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares in the last quarter. UMB Bank n.a. raised its holdings in Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after purchasing an additional 261 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Bunge Global during the 1st quarter worth $38,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG stock opened at $80.73 on Monday. The stock has a market capitalization of $16.15 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 6.03 and a beta of 0.66. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $97.27. The stock's 50-day moving average price is $82.30 and its 200 day moving average price is $79.56. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

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, beating the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

BG has been the topic of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target on the stock. Morgan Stanley lifted their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.33.

Insider Activity

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 purchase, the director owned 7,164 shares of the company's stock, valued at $585,513.72. This represents a 231.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.80% of the company's stock.

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.

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