Campbell & CO Investment Adviser LLC Purchases New Shares in Bunge Global SA $BG

Campbell & CO Investment Adviser LLC acquired a new position in Bunge Global SA (NYSE:BG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,763 shares of the basic materials company’s stock, valued at approximately $382,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cromwell Holdings LLC grew its position 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 worth $27,000 after buying an additional 334 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Bunge Global in the second quarter worth about $29,000. Manchester Capital Management LLC increased its stake in shares of Bunge Global by 588.5% during the first 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 in the last quarter. SVB Wealth LLC purchased a new position in shares of Bunge Global during the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd boosted its position 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 worth $39,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. CICC Research raised their price objective on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. BMO Capital Markets increased 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. Finally, Morgan Stanley set a $95.00 price objective on shares of Bunge Global in a research note on Monday, October 27th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.88.

Bunge Global Trading Down 1.0%

Shares of BG stock opened at $95.89 on Monday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $99.55. 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 firm’s 50 day moving average is $88.08 and its 200 day moving average is $82.70. The stock has a market capitalization of $18.54 billion, a P/E ratio of 9.58, a P/E/G ratio of 8.28 and a beta of 0.76.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. Research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

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.