NorthCrest Asset Manangement LLC Sells 194 Shares of Bunge Global SA $BG

NorthCrest Asset Manangement LLC lessened its stake in shares of Bunge Global SA (NYSE:BG) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 22,876 shares of the basic materials company’s stock after selling 194 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Bunge Global were worth $1,794,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock valued at $32,000 after buying an additional 261 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 359 shares during the last quarter. Riverview Trust Co grew its holdings in shares of Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 255 shares in the last quarter. SVB Wealth LLC bought a new stake in Bunge Global in the first quarter worth $38,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 341 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

Bunge Global stock opened at $79.91 on Friday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $100.48. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $80.67 and a 200-day moving average price of $78.69. The firm has a market capitalization of $15.99 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 6.00 and a beta of 0.67.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BG shares. Morgan Stanley lifted their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on Bunge Global in a research note on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the transaction, the director owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.