Ieq Capital LLC Makes New Investment in Bunge Global SA $BG

Key Points

• Ieq Capital LLC acquired a new stake in Bunge Global SA, purchasing 20,084 shares valued at approximately $1.54 million during the first quarter of the year.
• Various other institutional investors, including UMB Bank and Manchester Capital Management LLC, significantly increased their holdings in Bunge Global by over 163% and 588%, respectively.
• Analysts have mixed ratings on Bunge Global, with a consensus rating of "Moderate Buy" and an average price target of $85.33 following recent price adjustments from firms such as Stephens and Morgan Stanley.

Ieq Capital LLC bought a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,084 shares of the basic materials company's stock, valued at approximately $1,535,000.

Other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new position in Bunge Global in the 1st quarter worth about $9,180,000. GAMMA Investing LLC boosted its stake in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after purchasing an additional 1,976 shares during the period. Old West Investment Management LLC lifted its position in shares of Bunge Global by 31.2% in the 1st quarter. Old West Investment Management LLC now owns 163,191 shares of the basic materials company's stock worth $12,471,000 after acquiring an additional 38,777 shares during the period. Siemens Fonds Invest GmbH bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $1,596,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Bunge Global by 23.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock worth $408,000 after acquiring an additional 1,021 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BG shares. Morgan Stanley increased their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Trading Up 3.9%

Bunge Global stock traded up $3.19 during trading hours on Friday, reaching $84.32. 1,981,853 shares of the company's stock were exchanged, compared to its average volume of 1,903,514. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The firm's 50 day simple moving average is $79.92 and its 200 day simple moving average is $78.16. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48. The firm has a market capitalization of $16.87 billion, a PE ratio of 8.42, a PEG ratio of 6.29 and a beta of 0.67.

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 for the quarter, topping 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 firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period last year, the business posted $1.73 EPS. The business'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. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

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.