UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 120,689 Shares of Bunge Global SA $BG

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in Bunge Global SA (NYSE:BG) by 8.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,286,936 shares of the basic materials company’s stock after selling 120,689 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.96% of Bunge Global worth $98,348,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Optimize Financial Inc raised its holdings in Bunge Global by 44.9% in the 1st quarter. Optimize Financial Inc now owns 6,714 shares of the basic materials company’s stock worth $513,000 after purchasing an additional 2,082 shares in the last quarter. Woodline Partners LP raised its holdings in Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 2,893 shares in the last quarter. Yaupon Capital Management LP bought a new position in Bunge Global in the 1st quarter worth $19,920,000. United Services Automobile Association bought a new position in Bunge Global in the 1st quarter worth $223,000. Finally, Punch & Associates Investment Management Inc. raised its holdings in Bunge Global by 87.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 182,934 shares of the basic materials company’s stock worth $13,980,000 after purchasing an additional 85,290 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of BG stock opened at $81.68 on Friday. Bunge Global SA has a one year low of $67.40 and a one year high of $100.48. The company’s 50-day moving average is $80.24 and its 200 day moving average is $78.50. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 6.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the firm posted $1.73 EPS. Bunge Global’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. Sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BG shares. JPMorgan Chase & Co. assumed coverage on shares of Bunge Global in a report on Wednesday, August 20th. They issued an “overweight” rating and a $95.00 price objective for the company. Morgan Stanley increased their price target on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.33.

Insider Buying and Selling

In other news, Director Christopher Mahoney acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

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.