Bunge Global SA $BG Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in Bunge Global SA (NYSE:BG) by 36.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,055 shares of the basic materials company’s stock after buying an additional 6,474 shares during the quarter. Corient Private Wealth LLC’s holdings in Bunge Global were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BG. AE Wealth Management LLC raised its holdings in shares of Bunge Global by 1,596.3% in the 2nd quarter. AE Wealth Management LLC now owns 163,944 shares of the basic materials company’s stock worth $13,162,000 after purchasing an additional 154,279 shares during the period. LSV Asset Management increased its position in Bunge Global by 2.1% during the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after purchasing an additional 43,343 shares in the last quarter. Inspire Advisors LLC purchased a new position in Bunge Global in the second quarter valued at approximately $3,279,000. Campbell & CO Investment Adviser LLC acquired a new position in Bunge Global during the second quarter valued at approximately $382,000. Finally, Amundi lifted its position in Bunge Global by 8.9% during the second quarter. Amundi now owns 1,477,573 shares of the basic materials company’s stock valued at $117,293,000 after buying an additional 120,626 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

BG opened at $88.60 on Wednesday. The company has a market capitalization of $17.13 billion, a P/E ratio of 9.54, a PEG ratio of 2.33 and a beta of 0.79. The company has a 50-day moving average of $94.50 and a 200-day moving average of $85.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.66. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $99.55.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.04. Bunge Global had a return on equity of 9.06% and a net margin of 2.20%.The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $22.46 billion. During the same period last year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. Equities analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Activity at Bunge Global

In other news, VP Christos Dimopoulos sold 25,300 shares of the business’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 completion of the sale, the vice president directly owned 104,537 shares in the company, valued at approximately $9,865,156.69. The trade was a 19.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BG. Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $105.00 to $120.00 in a research note on Thursday, November 6th. CICC Research lifted their price target on shares of Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. BMO Capital Markets boosted their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Bunge Global in a research note on Thursday, December 18th. Finally, Morgan Stanley upgraded Bunge Global from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $120.00 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of “Buy” and a consensus target price of $109.13.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.