SG Americas Securities LLC Has $3.74 Million Holdings in Bunge Global SA $BG

SG Americas Securities LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 300.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,053 shares of the basic materials company’s stock after acquiring an additional 34,551 shares during the quarter. SG Americas Securities LLC’s holdings in Bunge Global were worth $3,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association bought a new stake in shares of Bunge Global during the 1st quarter valued at approximately $223,000. Woodline Partners LP boosted its position in Bunge Global by 34.5% in the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after buying an additional 2,893 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after buying an additional 580 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Bunge Global by 118.1% during the first quarter. Acadian Asset Management LLC now owns 77,472 shares of the basic materials company’s stock worth $5,917,000 after buying an additional 41,949 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Bunge Global by 45.7% in the 2nd quarter. Parallel Advisors LLC now owns 4,292 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 1,346 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 2.6%

Shares of BG stock opened at $100.01 on Monday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $100.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.66. The stock has a 50 day simple moving average of $93.43 and a two-hundred day simple moving average of $86.49. The company has a market cap of $19.34 billion, a P/E ratio of 10.77, a PEG ratio of 1.52 and a beta of 0.78.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.23 by $0.04. The company 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 2.20% and a return on equity of 9.06%. The company’s quarterly revenue was up 71.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. Research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BG. Bank of America upped their target price on Bunge Global from $95.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price objective on Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley upgraded shares of Bunge Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $120.00 in a report on Tuesday, December 16th. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bunge Global in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $109.00.

Insider Buying and Selling

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of Bunge Global stock in a transaction on 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. The trade was a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

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.