Optimum Investment Advisors Decreases Stake in Bunge Global SA $BG

Optimum Investment Advisors lowered its holdings in Bunge Global SA (NYSE:BG) by 28.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,640 shares of the basic materials company’s stock after selling 660 shares during the quarter. Optimum Investment Advisors’ holdings in Bunge Global were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BG. AustralianSuper Pty Ltd purchased a new position in shares of Bunge Global in the first quarter worth $92,552,000. Dimensional Fund Advisors LP raised its stake in shares of Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the last quarter. Nuveen LLC purchased a new position in shares of Bunge Global in the first quarter worth $40,963,000. AQR Capital Management LLC raised its stake in shares of Bunge Global by 80.5% in the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after purchasing an additional 443,893 shares during the last quarter. Finally, Yaupon Capital Management LP purchased a new position in shares of Bunge Global in the first quarter worth $19,920,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Bunge Global Stock Performance

NYSE:BG opened at $97.81 on Friday. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market capitalization of $19.57 billion, a PE ratio of 9.77, a P/E/G ratio of 8.49 and a beta of 0.66. The stock has a 50-day simple moving average of $84.49 and a two-hundred day simple moving average of $80.82.

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, beating analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The firm had revenue of $12.77 billion for the quarter, compared to analysts’ expectations of $12.57 billion. During the same period in the previous year, the firm earned $1.73 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BG shares. Morgan Stanley boosted their price target on Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Barclays lifted their price objective on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Friday. Finally, Stephens increased their target price on Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $97.71.

About Bunge Global

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.