Patton Albertson Miller Group LLC Raises Stock Holdings in Bunge Global SA $BG

Key Points

• Patton Albertson Miller Group LLC increased its holdings in Bunge Global SA by 23.0% to own 27,504 shares, valued at $2.2 million.
• Bunge Global's shares were reported to have a market capitalization of $16.39 billion and a P/E ratio of 8.18, indicating strong market interest.
• The company beat analysts' earnings estimates in its last quarterly results, reporting $1.31 EPS against expectations of $1.19, while revenues totaled $12.77 billion.

Patton Albertson Miller Group LLC raised its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,504 shares of the basic materials company's stock after acquiring an additional 5,142 shares during the period. Patton Albertson Miller Group LLC's holdings in Bunge Global were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its position in shares of Bunge Global by 12.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock worth $95,000 after buying an additional 135 shares in the last quarter. Allworth Financial LP grew its position in shares of Bunge Global by 18.4% during the 1st quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock worth $76,000 after buying an additional 146 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Bunge Global by 0.9% during the 1st quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock worth $1,321,000 after buying an additional 149 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Bunge Global by 2.1% during the 1st quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock worth $588,000 after buying an additional 158 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Bunge Global by 24.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 999 shares of the basic materials company's stock worth $76,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Trading Up 3.2%

Shares of NYSE BG opened at $81.93 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a market capitalization of $16.39 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 6.12 and a beta of 0.67. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $99.39. The business has a fifty day moving average price of $81.25 and a 200 day moving average price of $78.94.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. During the same period last year, the business posted $1.73 earnings per share. The firm'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 research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction on 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 completion of the purchase, the director owned 7,164 shares in the company, 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 can be accessed through this link. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

BG has been the topic of a number of recent research reports. Morgan Stanley increased their price target on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

About Bunge Global

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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