American Century Companies Inc. Raises Position in Bunge Global SA $BG

American Century Companies Inc. boosted its holdings in Bunge Global SA (NYSE:BG) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,666 shares of the basic materials company’s stock after purchasing an additional 11,126 shares during the period. American Century Companies Inc. owned approximately 0.22% of Bunge Global worth $24,218,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BG. XTX Topco Ltd bought a new stake in shares of Bunge Global in the 1st quarter valued at about $343,000. US Bancorp DE increased its stake in Bunge Global by 28.2% in the 1st quarter. US Bancorp DE now owns 6,771 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 1,490 shares during the period. Moors & Cabot Inc. lifted its position in Bunge Global by 2.1% in the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after purchasing an additional 158 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of Bunge Global by 5.9% during the first quarter. J. Safra Sarasin Holding AG now owns 25,007 shares of the basic materials company’s stock valued at $1,911,000 after purchasing an additional 1,399 shares during the period. Finally, Manchester Capital Management LLC boosted 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 during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BG. 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. Stephens boosted 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. CICC Research increased their target price on shares of Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Finally, Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.88.

Insider Buying and Selling at Bunge Global

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

Bunge Global Stock Up 0.3%

Shares of Bunge Global stock opened at $96.37 on Tuesday. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $99.55. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 8.28 and a beta of 0.76. The company has a 50-day moving average of $91.08 and a 200 day moving average of $83.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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 business had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $22.46 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The business’s revenue was up 71.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.