Ballentine Partners LLC Acquires 1,045 Shares of Bunge Global SA $BG

Ballentine Partners LLC increased its holdings in Bunge Global SA (NYSE:BG) by 35.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,985 shares of the basic materials company’s stock after purchasing an additional 1,045 shares during the period. Ballentine Partners LLC’s holdings in Bunge Global were worth $320,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd acquired a new position in shares of Bunge Global during the 1st quarter valued at about $92,552,000. Dimensional Fund Advisors LP lifted its holdings in Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the last quarter. Nuveen LLC acquired a new stake in Bunge Global in the 1st quarter worth approximately $40,963,000. AQR Capital Management LLC boosted its position in Bunge Global by 80.5% during the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after purchasing an additional 443,893 shares during the period. Finally, Yaupon Capital Management LP acquired a new position in Bunge Global during the first quarter valued at approximately $19,920,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Christopher Mahoney acquired 5,000 shares of Bunge Global stock in a transaction on Monday, August 18th. The stock was bought at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the transaction, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

Bunge Global Price Performance

NYSE:BG opened at $81.93 on Monday. 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 one year low of $67.40 and a one year high of $99.39. The company has a fifty day moving average price of $81.25 and a 200 day moving average price of $78.98. The stock has a market cap of $16.39 billion, a P/E ratio of 8.18, a PEG ratio of 6.12 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 the consensus estimate of $1.19 by $0.12. The company 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 was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current 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.