International Private Wealth Advisors LLC Purchases New Position in Bunge Global SA $BG

Key Points

• International Private Wealth Advisors LLC has invested approximately $273,000 in Bunge Global SA by acquiring 3,402 shares in the 2nd quarter.
• In the latest quarterly earnings, Bunge Global reported an EPS of $1.31, surpassing the consensus estimate of $1.19, despite a year-over-year revenue decline of 3.6%.
• Several analysts have given Bunge Global stock an average target price of $85.33, with three analysts rating it a "Buy" and three a "Hold."

International Private Wealth Advisors LLC bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,402 shares of the basic materials company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC increased its position in shares of Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares in the last quarter. UMB Bank n.a. increased its position in shares of Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after acquiring an additional 261 shares in the last quarter. Riverview Trust Co increased its position in shares of Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after acquiring an additional 255 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Bunge Global during the first quarter worth about $38,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock worth $39,000 after purchasing an additional 341 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of 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 upped their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Bunge Global presently has an average rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Stock Performance

Shares of Bunge Global stock traded up $1.70 on Tuesday, reaching $78.84. 560,368 shares of the company traded hands, compared to its average volume of 1,866,265. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.39. The company has a 50 day moving average of $80.77 and a 200 day moving average of $78.83. The firm has a market capitalization of $15.77 billion, a PE ratio of 7.87, a PEG ratio of 5.91 and a beta of 0.67. 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 released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $12.57 billion. During the same period in the prior year, the firm earned $1.73 EPS. The company'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 analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost 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 $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company's stock.

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.