Cwm LLC Decreases Stock Holdings in Bunge Global SA $BG

Cwm LLC reduced its position in Bunge Global SA (NYSE:BG) by 54.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,505 shares of the basic materials company’s stock after selling 5,414 shares during the period. Cwm LLC’s holdings in Bunge Global were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Bunge Global in the second quarter valued at approximately $149,380,000. Ilex Capital Partners UK LLP increased its position in shares of Bunge Global by 383.7% during the second quarter. Ilex Capital Partners UK LLP now owns 891,673 shares of the basic materials company’s stock worth $71,584,000 after purchasing an additional 707,336 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Bunge Global by 719.2% during the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock valued at $24,694,000 after purchasing an additional 266,827 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of Bunge Global in the 2nd quarter worth $12,463,000. Finally, AE Wealth Management LLC grew its stake 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 buying an additional 154,279 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BG shares. Bank of America increased their price target on Bunge Global from $95.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets upped their price objective 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. Morgan Stanley raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $120.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $109.00.

Insiders Place Their Bets

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of Bunge Global 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 completion of the transaction, the vice president owned 104,537 shares in the company, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $100.01 on Friday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.12. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The company has a market cap of $19.34 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.18 and a beta of 0.78. The company’s 50 day moving average is $93.43 and its 200 day moving average is $86.46.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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. Bunge Global had a net margin of 2.20% and a return on equity of 9.06%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. During the same period in the prior year, the firm earned $2.29 EPS. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

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.