Bunge Global SA $BG Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Bunge Global SA (NYSE:BG) by 6.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,702,989 shares of the basic materials company’s stock after purchasing an additional 99,320 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.27% of Bunge Global worth $136,716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its stake in Bunge Global by 9.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 121 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Bunge Global by 0.9% during the 1st quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock worth $1,321,000 after purchasing an additional 149 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Bunge Global by 0.5% during the second quarter. Retirement Systems of Alabama now owns 28,841 shares of the basic materials company’s stock worth $2,315,000 after buying an additional 157 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Bunge Global by 2.1% during the 1st quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after acquiring an additional 158 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of Bunge Global by 4.0% in the 2nd quarter. Greenleaf Trust now owns 4,221 shares of the basic materials company’s stock valued at $339,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. Barclays upgraded Bunge Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $120.00 in a research note on Thursday, November 6th. Zacks Research upgraded shares of Bunge Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Stephens upped their price objective on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, BMO Capital Markets boosted their target price on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Insider Buying and Selling

In other news, VP Christos Dimopoulos sold 25,300 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the sale, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

BG stock opened at $96.62 on Friday. 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 company has a market capitalization of $18.68 billion, a P/E ratio of 9.65, a PEG ratio of 8.28 and a beta of 0.76. The business has a 50 day simple moving average of $90.38 and a 200-day simple moving average of $83.71. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $99.55.

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