Allspring Global Investments Holdings LLC Sells 500 Shares of Bunge Global SA $BG

Allspring Global Investments Holdings LLC decreased its holdings in Bunge Global SA (NYSE:BG) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,953 shares of the basic materials company’s stock after selling 500 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bunge Global were worth $718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Callan Family Office LLC bought a new stake in shares of Bunge Global in the 2nd quarter worth $705,000. Centennial Wealth Advisory LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth $449,000. Inspire Investing LLC boosted its stake in shares of Bunge Global by 79.0% in the 2nd quarter. Inspire Investing LLC now owns 7,355 shares of the basic materials company’s stock worth $590,000 after buying an additional 3,246 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth $29,000. Finally, Signaturefd LLC boosted its stake in shares of Bunge Global by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,413 shares of the basic materials company’s stock worth $194,000 after buying an additional 1,050 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

NYSE:BG opened at $96.67 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $84.17 and its two-hundred day simple moving average is $80.54. The stock has a market cap of $19.34 billion, a PE ratio of 9.66, a P/E/G ratio of 8.29 and a beta of 0.66. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.40.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. The business had revenue of $12.77 billion for the quarter, compared to analysts’ expectations of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Stephens raised their price target on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Morgan Stanley raised their price target on Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Finally, Barclays raised their price target on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $97.71.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, 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 available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Bunge Global Company Profile

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.