Bunge Global SA $BG Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in shares of Bunge Global SA (NYSE:BG) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,687 shares of the basic materials company’s stock after selling 226 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bunge Global were worth $3,268,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Chevy Chase Trust Holdings LLC increased its stake in Bunge Global by 1.4% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 70,990 shares of the basic materials company’s stock valued at $5,699,000 after buying an additional 986 shares during the period. Nordea Investment Management AB increased its stake in Bunge Global by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 15,657 shares of the basic materials company’s stock valued at $1,272,000 after buying an additional 342 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Bunge Global by 150.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 7,580 shares of the basic materials company’s stock valued at $609,000 after purchasing an additional 4,550 shares in the last quarter. Lesa Sroufe & Co boosted its position in shares of Bunge Global by 1.1% during the 2nd quarter. Lesa Sroufe & Co now owns 29,283 shares of the basic materials company’s stock valued at $2,351,000 after purchasing an additional 321 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Bunge Global during the 2nd quarter valued at about $977,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director 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 SEC, which can be accessed through this link. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday. BMO Capital Markets raised their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Stephens raised their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Zacks Research upgraded shares of Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.71.

Bunge Global Trading Up 1.2%

Bunge Global stock opened at $97.81 on Friday. The company has a 50 day moving average price of $84.49 and a 200 day moving average price of $80.82. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 8.49 and a beta of 0.66.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research analysts forecast that Bunge Global SA will post 7.94 EPS 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.