Cyndeo Wealth Partners LLC Acquires New Stake in Bunge Global SA $BG

Key Points

• Cyndeo Wealth Partners LLC acquired a new stake in Bunge Global SA during the 2nd quarter, purchasing 81,074 shares valued at approximately $6.51 million, which represents 0.06% of the company's stock.
• Several institutional investors, including Dimensional Fund Advisors and AQR Capital Management, have significantly increased their holdings in Bunge Global, with hedge funds collectively owning 86.23% of the company.
• Analysts forecast growth for Bunge Global, with recent upgrades from firms like Morgan Stanley and JPMorgan Chase setting price targets ranging from $83.00 to $95.00 for the stock.

Cyndeo Wealth Partners LLC acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,074 shares of the basic materials company's stock, valued at approximately $6,509,000. Cyndeo Wealth Partners LLC owned 0.06% of Bunge Global at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after buying an additional 859,733 shares during the period. Invesco Ltd. raised its holdings in shares of Bunge Global by 3.8% in the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company's stock valued at $254,446,000 after buying an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Bunge Global by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company's stock valued at $122,552,000 after buying an additional 101,586 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of Bunge Global in the 1st quarter valued at $92,552,000. Finally, AQR Capital Management LLC raised its holdings in shares of Bunge Global by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company's stock valued at $76,077,000 after buying an additional 443,893 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BG. Morgan Stanley boosted their price objective on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a report on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $85.33.

Bunge Global Trading Down 1.4%

BG opened at $81.25 on Friday. Bunge Global SA has a one year low of $67.40 and a one year high of $97.27. The company has a market cap of $16.25 billion, a P/E ratio of 8.12, a PEG ratio of 6.15 and a beta of 0.66. 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 business's 50-day simple moving average is $82.24 and its 200-day simple moving average is $79.45.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data 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. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The business'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. As a group, equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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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