Aristides Capital LLC Decreases Stock Position in Bunge Global SA $BG

Aristides Capital LLC trimmed its stake in shares of Bunge Global SA (NYSE:BG) by 22.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,964 shares of the basic materials company’s stock after selling 858 shares during the quarter. Aristides Capital LLC’s holdings in Bunge Global were worth $238,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Inspire Advisors LLC acquired a new stake in Bunge Global in the second quarter valued at approximately $3,279,000. AE Wealth Management LLC grew its holdings in Bunge Global by 1,596.3% during the 2nd quarter. AE Wealth Management LLC now owns 163,944 shares of the basic materials company’s stock worth $13,162,000 after acquiring an additional 154,279 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Bunge Global by 96.6% in the 2nd quarter. Acadian Asset Management LLC now owns 152,308 shares of the basic materials company’s stock valued at $12,226,000 after purchasing an additional 74,836 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bunge Global in the 2nd quarter valued at $382,000. Finally, Callan Family Office LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth $705,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Buying and Selling at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the transaction, the vice president owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.80% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $96.62 on Thursday. The company’s 50 day simple moving average is $90.04 and its 200-day simple moving average is $83.62. The firm has a market cap of $18.68 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. 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.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on BG. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Stephens raised their target price on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Morgan Stanley set a $95.00 price target on Bunge Global in a report on Monday, October 27th. Finally, CICC Research increased their price target on shares of Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.88.

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.