Bunge Global SA $BG Shares Purchased by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. increased its stake in Bunge Global SA by 150.2%, acquiring 4,550 additional shares, bringing its total holdings to 7,580 shares valued at $609,000.
• Bunge Global reported a net margin of 2.71% and an earnings per share (EPS) of $1.31, exceeding estimates and forecasting a FY 2025 EPS of $7.750.
• Recent price target upgrades include Stephens raising it to $115.00 and JPMorgan Chase & Co. to $107.00, with analysts giving Bunge Global an overall rating of “Moderate Buy”.

Praxis Investment Management Inc. lifted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 150.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,580 shares of the basic materials company's stock after purchasing an additional 4,550 shares during the period. Praxis Investment Management Inc.'s holdings in Bunge Global were worth $609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after purchasing an additional 859,733 shares in the last quarter. Invesco Ltd. lifted its stake in Bunge Global by 3.8% in the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company's stock worth $254,446,000 after acquiring an additional 122,931 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Bunge Global by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company's stock worth $122,552,000 after acquiring an additional 101,586 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in Bunge Global in the first quarter worth approximately $92,552,000. Finally, AQR Capital Management LLC lifted its stake in Bunge Global by 80.5% in the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company's stock worth $76,077,000 after acquiring an additional 443,893 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG opened at $97.52 on Friday. 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 $19.51 billion, a P/E ratio of 9.74, a P/E/G ratio of 8.15 and a beta of 0.66. The company's fifty day moving average is $83.08 and its two-hundred day moving average is $79.97. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $98.23.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Transactions 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 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. Corporate insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

BG has been the subject of a number of recent research reports. Stephens lifted their price target on shares of Bunge Global from $85.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Bunge Global from $95.00 to $107.00 and gave the stock an "overweight" rating in a research note on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Bunge Global in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of 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, BMO Capital Markets boosted their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Bunge Global has an average rating of "Moderate Buy" and a consensus target price of $94.86.

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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