MAI Capital Management Sells 18,728 Shares of Bunge Global SA $BG

Key Points

• MAI Capital Management reduced its holdings in Bunge Global SA by 88.2%, owning only 2,507 shares valued at $192,000 after selling 18,728 shares during the first quarter.
• Other institutional investors, including Manchester Capital Management and UMB Bank, significantly increased their stakes in Bunge, with Manchester boosting its holdings by 588.5%.
• Bunge Global recently saw analyst upgrades, with Morgan Stanley raising its price objective from $74 to $83 and JPMorgan issuing an "overweight" rating with a target of $95.

MAI Capital Management decreased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 88.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,507 shares of the basic materials company's stock after selling 18,728 shares during the period. MAI Capital Management's holdings in Bunge Global were worth $192,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. AustralianSuper Pty Ltd purchased a new stake in Bunge Global in the 1st quarter valued at about $92,552,000. Voloridge Investment Management LLC boosted its stake in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after buying an additional 991,607 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after acquiring an additional 859,733 shares in the last quarter. Man Group plc purchased a new stake in shares of Bunge Global during the fourth quarter valued at approximately $50,561,000. Finally, Nuveen LLC bought a new stake in Bunge Global during the first quarter worth $40,963,000. Institutional investors own 86.23% of the company's stock.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BG shares. JPMorgan Chase & Co. started coverage on Bunge Global in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective on the stock. Morgan Stanley increased their price target on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research 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. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Bunge Global Stock Performance

Shares of BG traded down $0.39 during mid-day trading on Thursday, hitting $81.95. The stock had a trading volume of 1,068,327 shares, compared to its average volume of 1,990,024. The firm has a market cap of $16.39 billion, a P/E ratio of 8.19, a PEG ratio of 6.15 and a beta of 0.67. The business has a fifty day moving average price of $80.17 and a 200-day moving average price of $78.42. 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 SA has a 52 week low of $67.40 and a 52 week high of $100.48.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter last year, the firm posted $1.73 EPS. The firm'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. On average, equities research analysts expect that Bunge Global SA will post 7.94 EPS 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.