Ameritas Advisory Services LLC Acquires New Position in Bunge Global SA $BG

Ameritas Advisory Services LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 363 shares of the basic materials company’s stock, valued at approximately $29,000.

Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its holdings in shares of Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after buying an additional 334 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 359 shares during the last quarter. SVB Wealth LLC purchased a new stake in Bunge Global during the 1st quarter valued at $38,000. Caitong International Asset Management Co. Ltd boosted its stake in Bunge Global by 197.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 341 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of Bunge Global by 66.5% during the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company’s stock valued at $42,000 after buying an additional 222 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

BG opened at $93.09 on Thursday. 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 $18.62 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 5.94 and a beta of 0.66. The company’s 50 day moving average is $82.54 and its 200 day moving average is $79.71. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $95.94.

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 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 firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Insiders Place Their Bets

In related news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

BG has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $95.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Bunge Global has an average rating of “Hold” and a consensus 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.