Asset Management One Co. Ltd. Has $4.62 Million Stock Position in Bunge Global SA $BG

Asset Management One Co. Ltd. decreased its position in Bunge Global SA (NYSE:BG) by 29.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,500 shares of the basic materials company’s stock after selling 23,927 shares during the period. Asset Management One Co. Ltd.’s holdings in Bunge Global were worth $4,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC grew its holdings in shares of Bunge Global by 4,175.0% in the 2nd 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 period. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at $29,000. Manchester Capital Management LLC grew its holdings in shares of Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after buying an additional 359 shares during the period. SVB Wealth LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Bunge Global by 197.1% in 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 buying an additional 341 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $96.45 on Wednesday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The firm has a fifty day simple moving average of $85.14 and a 200 day simple moving average of $81.18. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 8.37 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

BG has been the subject of several research analyst reports. Stephens boosted their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Morgan Stanley set a $95.00 price target on shares of Bunge Global in a report on Monday. BMO Capital Markets upped their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Zacks Research upgraded shares of Bunge Global from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $99.43.

Bunge Global 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.