Centennial Wealth Advisory LLC Makes New Investment in Bunge Global SA $BG

Key Points

• Centennial Wealth Advisory LLC acquired 5,587 shares of Bunge Global SA, worth approximately $449,000, indicating a new investment in the agribusiness sector.
• Research analysts have issued an "overweight" rating for Bunge Global, with a target price of $95.00, reflecting strong investment interest and positive outlook.
• During the last earnings report, Bunge Global posted an EPS of $1.31, surpassing estimates and demonstrating financial strength despite a decline in revenue compared to the previous year.

Centennial Wealth Advisory LLC bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,587 shares of the basic materials company's stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings 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. Invesco Ltd. lifted its holdings in Bunge Global by 3.8% during the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company's stock worth $254,446,000 after buying an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Bunge Global by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company's stock worth $122,552,000 after buying an additional 101,586 shares during the period. AustralianSuper Pty Ltd acquired a new position in Bunge Global during the 1st quarter worth about $92,552,000. Finally, AQR Capital Management LLC lifted its holdings in Bunge Global by 80.5% during the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company's stock worth $76,077,000 after buying an additional 443,893 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective for the company. Morgan Stanley lifted their price objective 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $82.43 on Tuesday. Bunge Global SA has a one year low of $67.40 and a one year high of $99.39. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 6.12 and a beta of 0.67. The business has a 50-day simple moving average of $81.41 and a 200 day simple moving average of $79.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results 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. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates 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 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, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney purchased 5,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company's stock.

Bunge Global Company 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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