Commerzbank Aktiengesellschaft FI Raises Position in Bunge Global SA $BG

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Bunge Global SA (NYSE:BG) by 107.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,482 shares of the basic materials company’s stock after buying an additional 7,493 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Bunge Global were worth $1,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BG. United Services Automobile Association purchased a new position in shares of Bunge Global during the first quarter worth about $223,000. Woodline Partners LP lifted its position in Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after purchasing an additional 2,893 shares during the last quarter. Focus Partners Wealth lifted its position in Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 580 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Bunge Global by 12.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the basic materials company’s stock worth $922,000 after buying an additional 1,342 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Bunge Global by 455.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,327 shares of the basic materials company’s stock valued at $187,000 after buying an additional 1,908 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the topic of a number of research analyst reports. Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $105.00 to $120.00 in a research note on Thursday, November 6th. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Bank of America upped their target price on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. CICC Research increased their price target on shares of Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bunge Global in a report on Wednesday, December 24th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $110.67.

Bunge Global Price Performance

BG opened at $113.55 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.66 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $96.00 and its 200 day simple moving average is $88.56. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.72 and a beta of 0.78. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.00.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, beating 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 firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business’s quarterly revenue was up 71.6% compared to the same quarter last year. As a group, analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Activity

In other news, VP Christos Dimopoulos sold 25,300 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Bunge Global Company Profile

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.