Parallel Advisors LLC Increases Stock Holdings in Bunge Global SA $BG

Parallel Advisors LLC lifted its stake in Bunge Global SA (NYSE:BG) by 45.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,292 shares of the basic materials company’s stock after purchasing an additional 1,346 shares during the quarter. Parallel Advisors LLC’s holdings in Bunge Global were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Bunge Global by 12.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 135 shares during the period. Allworth Financial LP boosted its holdings in Bunge Global by 18.4% during the 1st quarter. Allworth Financial LP now owns 940 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 146 shares during the period. Public Sector Pension Investment Board boosted its holdings in 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 valued at $1,321,000 after acquiring an additional 149 shares during the period. Moors & Cabot Inc. boosted its holdings in Bunge Global by 2.1% during the 1st quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after acquiring an additional 158 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Bunge Global by 24.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 999 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by insiders.

Bunge Global Stock Down 0.7%

Shares of BG stock opened at $79.32 on Friday. The stock’s 50-day simple moving average is $80.72 and its 200-day simple moving average is $78.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market capitalization of $15.87 billion, a PE ratio of 7.92, a P/E/G ratio of 5.91 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $100.15.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share 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 business had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on Bunge Global in a report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.