Farther Finance Advisors LLC Has $187,000 Stake in Bunge Global SA $BG

Farther Finance Advisors LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 455.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,327 shares of the basic materials company’s stock after acquiring an additional 1,908 shares during the quarter. Farther Finance Advisors LLC’s holdings in Bunge Global were worth $187,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after acquiring an additional 859,733 shares in the last quarter. Invesco Ltd. raised its stake in Bunge Global by 3.8% during the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock worth $254,446,000 after acquiring an additional 122,931 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bunge Global by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock valued at $122,552,000 after buying an additional 101,586 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of Bunge Global in the first quarter valued at approximately $92,552,000. Finally, AQR Capital Management LLC increased its stake in shares of Bunge Global by 80.5% in the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock valued at $76,077,000 after buying an additional 443,893 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Bunge Global Stock Performance

NYSE:BG opened at $82.51 on Thursday. The company has a market capitalization of $16.51 billion, a PE ratio of 8.24, a P/E/G ratio of 6.07 and a beta of 0.66. The company has a 50 day simple moving average of $81.61 and a two-hundred day simple moving average of $79.08. 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 SA has a fifty-two week low of $67.40 and a fifty-two week high of $99.39.

Bunge Global (NYSE:BG) last released its earnings results 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. The business had revenue of $12.77 billion during 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 company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research 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.