Bunge Global SA $BG Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC significantly reduced its position in Bunge Global SA by 70.4%, now holding 4,109 shares valued at $314,000.
• Director Christopher Mahoney purchased 5,000 shares at $81.73 each, increasing his ownership by 231.05%.
• Bunge Global reported earnings of $1.31 EPS, surpassing analysts' expectations, but also indicated a 3.6% decline in quarterly revenue compared to last year.

Inspire Investing LLC cut its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 70.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,109 shares of the basic materials company's stock after selling 9,787 shares during the quarter. Inspire Investing LLC's holdings in Bunge Global were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its position in Bunge Global by 7.6% in the fourth quarter. Cetera Investment Advisers now owns 16,437 shares of the basic materials company's stock worth $1,278,000 after acquiring an additional 1,166 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $270,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bunge Global by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,778 shares of the basic materials company's stock valued at $2,782,000 after buying an additional 2,851 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $358,000. Finally, Rafferty Asset Management LLC boosted its position in shares of Bunge Global by 10.8% during the fourth quarter. Rafferty Asset Management LLC now owns 12,112 shares of the basic materials company's stock valued at $942,000 after buying an additional 1,179 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of Bunge Global stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares of the company's stock, 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 owned by company insiders.

Bunge Global Trading Down 0.7%

Shares of NYSE BG traded down $0.58 during trading hours on Friday, reaching $79.32. The stock had a trading volume of 4,707,784 shares, compared to its average volume of 1,991,663. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 5.91 and a beta of 0.67. The business's fifty day moving average price is $80.72 and its two-hundred day moving average price is $78.82. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $100.15.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. 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.