Commerzbank Aktiengesellschaft FI Buys New Stake in Bunge Global SA $BG

Key Points

• Commerzbank Aktiengesellschaft FI has acquired a new stake in Bunge Global SA, purchasing 6,989 shares valued at around $562,000 during the second quarter.
• Multiple institutional investors have also increased their holdings in Bunge Global, with hedge funds owning approximately 86.23% of the company's stock.
• Bunge Global has reported earnings of $1.31 per share, surpassing estimates, and has set its FY 2025 guidance at $7.750 EPS.

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,989 shares of the basic materials company's stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BG. Wealth Enhancement Advisory Services LLC lifted its position in Bunge Global by 26.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,932 shares of the basic materials company's stock valued at $384,000 after acquiring an additional 1,022 shares during the last quarter. NBC Securities Inc. purchased a new stake in Bunge Global during the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its position 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 valued at $32,000 after acquiring an additional 261 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Bunge Global during the first quarter valued at approximately $306,000. Finally, Yousif Capital Management LLC raised its holdings in shares of Bunge Global by 1.6% in the first quarter. Yousif Capital Management LLC now owns 22,899 shares of the basic materials company's stock worth $1,750,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on BG. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target for the company. Finally, Morgan Stanley raised their price target 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.33.

Bunge Global Trading Down 0.7%

Shares of Bunge Global stock opened at $80.73 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a fifty day moving average price of $82.30 and a 200 day moving average price of $79.50. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $97.27. The stock has a market cap of $16.15 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66.

Bunge Global (NYSE:BG - Get Free Report) last issued its 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. 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 analysts' expectations of $12.57 billion. During the same quarter last year, the company posted $1.73 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Activity

In other Bunge Global news, Director Christopher Mahoney bought 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, with a total value of $408,650.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

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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