Fox Run Management L.L.C. Purchases Shares of 13,008 Bunge Global SA $BG

Fox Run Management L.L.C. purchased a new position in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,008 shares of the basic materials company’s stock, valued at approximately $1,044,000.

Several other institutional investors and hedge funds have also made changes to their positions in BG. Savant Capital LLC raised its position in shares of Bunge Global by 16.0% during the 2nd quarter. Savant Capital LLC now owns 14,013 shares of the basic materials company’s stock worth $1,125,000 after acquiring an additional 1,928 shares in the last quarter. Twin Capital Management Inc. raised its holdings in Bunge Global by 3.2% during the second quarter. Twin Capital Management Inc. now owns 9,097 shares of the basic materials company’s stock worth $730,000 after purchasing an additional 282 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Bunge Global during the 2nd quarter worth approximately $2,965,000. Huntington National Bank boosted its holdings in shares of Bunge Global by 54.6% in the 2nd quarter. Huntington National Bank now owns 849 shares of the basic materials company’s stock valued at $68,000 after buying an additional 300 shares in the last quarter. Finally, Levin Capital Strategies L.P. grew its position in shares of Bunge Global by 335.4% in the 2nd quarter. Levin Capital Strategies L.P. now owns 18,823 shares of the basic materials company’s stock valued at $1,511,000 after buying an additional 14,500 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. Stephens upped their target price on Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $120.00 in a research report on Thursday. Zacks Research upgraded shares of Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $102.88.

Bunge Global Trading Down 0.2%

Shares of Bunge Global stock opened at $94.54 on Friday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.55. The company’s 50-day simple moving average is $86.72 and its 200-day simple moving average is $82.13. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last announced 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 9.16% and a net margin of 2.71%.The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm’s revenue for the quarter was up 71.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction on Monday, August 18th. The stock was bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.80% of the company’s stock.

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.