Exchange Traded Concepts LLC Sells 458 Shares of Bunge Global SA $BG

Exchange Traded Concepts LLC lessened its position in shares of Bunge Global SA (NYSE:BG) by 2.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 16,409 shares of the basic materials company’s stock after selling 458 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Bunge Global were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BG. Woodline Partners LP acquired a new stake in Bunge Global during the 4th quarter valued at approximately $652,000. Mackenzie Financial Corp increased its position in Bunge Global by 14.0% during the 4th quarter. Mackenzie Financial Corp now owns 39,056 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 4,787 shares during the period. Jefferies Financial Group Inc. increased its position in Bunge Global by 43.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 20,143 shares of the basic materials company’s stock valued at $1,566,000 after purchasing an additional 6,106 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bunge Global during the 4th quarter valued at approximately $12,393,000. Finally, Menard Financial Group LLC acquired a new stake in Bunge Global during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director directly owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BG has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of 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. initiated coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus target price of $85.33.

Bunge Global Stock Performance

NYSE BG opened at $77.21 on Tuesday. The company has a fifty day simple moving average of $80.77 and a 200 day simple moving average of $78.83. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $99.39. 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 market cap of $15.45 billion, a P/E ratio of 7.71, a PEG ratio of 5.91 and a beta of 0.67.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’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 firm earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.