Bunge Global SA (NYSE:BG) Short Interest Up 20.3% in December

Bunge Global SA (NYSE:BG) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 6,408,879 shares, an increase of 20.3% from the December 15th total of 5,326,450 shares. Based on an average daily volume of 1,329,014 shares, the short-interest ratio is currently 4.8 days. Currently, 3.3% of the shares of the company are short sold. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 1,329,014 shares, the short-interest ratio is currently 4.8 days.

Insiders Place Their Bets

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $94.37, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in Bunge Global in the 3rd quarter worth $25,000. CoreCap Advisors LLC boosted its stake in shares of Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 300 shares during the period. Cromwell Holdings LLC grew its position in shares of Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC bought a new stake in Bunge Global during the 3rd quarter valued at approximately $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in Bunge Global during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bunge Global in a report on Wednesday, December 24th. Stephens raised their target price on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. CICC Research boosted their price target on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $105.00 to $120.00 in a research report on Thursday, November 6th. 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $109.78.

Bunge Global Stock Up 2.1%

BG stock opened at $110.11 on Wednesday. The business’s 50-day moving average price is $95.01 and its 200-day moving average price is $87.77. The stock has a market cap of $21.29 billion, a P/E ratio of 11.85, a PEG ratio of 1.63 and a beta of 0.78. The company has a quick ratio of 0.83, a current ratio of 1.66 and a debt-to-equity ratio of 0.57. Bunge Global has a twelve month low of $67.40 and a twelve month high of $110.37.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. During the same period in the prior year, the firm posted $2.29 EPS. The firm’s quarterly revenue was up 71.6% compared to the same quarter last year. On average, equities research analysts forecast that Bunge Global 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.