Vanguard Personalized Indexing Management LLC Buys 6,644 Shares of Bunge Global SA $BG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Bunge Global SA by 42.8%, acquiring an additional 6,644 shares during the second quarter, bringing its total holdings to 22,178 shares valued at approximately $1.78 million.
• Several large investors have also made significant increases in their positions in Bunge Global, with GAMMA Investing LLC boosting its holdings by 152.1% in the first quarter alone.
• Analysts have raised their price targets for Bunge Global, with Morgan Stanley and JPMorgan Chase lifting theirs to $83.00 and $107.00 respectively, suggesting a bullish outlook on the stock.

Vanguard Personalized Indexing Management LLC raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 42.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,178 shares of the basic materials company's stock after acquiring an additional 6,644 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Bunge Global were worth $1,781,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BG. GAMMA Investing LLC increased its holdings in shares of Bunge Global by 152.1% in the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock worth $250,000 after buying an additional 1,976 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Bunge Global by 60.3% in the 1st quarter. Fifth Third Bancorp now owns 4,410 shares of the basic materials company's stock worth $337,000 after buying an additional 1,659 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Bunge Global by 111.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,418 shares of the basic materials company's stock worth $796,000 after buying an additional 5,486 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Bunge Global by 19.3% in the 1st quarter. Ritholtz Wealth Management now owns 3,989 shares of the basic materials company's stock worth $305,000 after buying an additional 644 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Bunge Global by 28.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 16,867 shares of the basic materials company's stock worth $1,289,000 after buying an additional 3,706 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on BG shares. Morgan Stanley boosted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $95.00 to $107.00 and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on shares of Bunge Global from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Bunge Global has an average rating of "Moderate Buy" and an average target price of $90.57.

Bunge Global Price Performance

BG stock opened at $95.25 on Friday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $98.11. 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 company has a 50-day moving average price of $82.80 and a 200 day moving average price of $79.83. The stock has a market cap of $19.06 billion, a PE ratio of 9.52, a P/E/G ratio of 7.96 and a beta of 0.66.

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, topping analysts' consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.80% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.