Stephens Inc. AR Cuts Position in Bunge Global SA $BG

Key Points

• Stephens Inc. AR has reduced its stake in Bunge Global SA by 2.9%, now owning 129,780 shares valued at approximately $10.42 million.
• Several institutional investors have significantly increased their holdings in Bunge Global, with Cromwell Holdings LLC raising its position by an extraordinary 4,175%.
• Analysts have raised their price targets for Bunge Global, with Stephens raising theirs from $85 to $115, indicating strong market confidence in the company.

Stephens Inc. AR decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,780 shares of the basic materials company's stock after selling 3,864 shares during the quarter. Stephens Inc. AR owned 0.10% of Bunge Global worth $10,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC raised its position in Bunge Global by 4,175.0% in the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 334 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Bunge Global in the second quarter valued at approximately $29,000. Manchester Capital Management LLC raised its position in Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 359 shares during the period. SVB Wealth LLC purchased a new stake in Bunge Global in the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Bunge Global by 197.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on BG shares. Stephens boosted their target price on Bunge Global from $85.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Bunge Global from $95.00 to $107.00 and gave the stock an "overweight" rating in a research report on Thursday, October 16th. BMO Capital Markets upped their price objective on Bunge Global from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. Morgan Stanley upped their price objective 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. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Bunge Global currently has an average rating of "Moderate Buy" and an average price target of $94.86.

Bunge Global Stock Performance

NYSE:BG opened at $97.29 on Tuesday. The firm has a market capitalization of $19.46 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66. The business's fifty day moving average price is $83.39 and its 200 day moving average price is $80.17. 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 12 month low of $67.40 and a 12 month high of $99.41.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.

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