3,165 Shares in Bunge Global SA $BG Purchased by PAX Financial Group LLC

PAX Financial Group LLC bought a new stake in Bunge Global SA (NYSE:BG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,165 shares of the basic materials company’s stock, valued at approximately $254,000.

Several other hedge funds also recently modified their holdings of BG. Cromwell Holdings LLC grew its holdings 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 buying an additional 334 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Bunge Global during the second quarter worth approximately $29,000. Manchester Capital Management LLC grew its stake in Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 359 shares during the period. SVB Wealth LLC acquired a new position in Bunge Global in the 1st quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Bunge Global by 197.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 341 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

NYSE BG opened at $94.10 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $99.55. The firm has a market capitalization of $18.20 billion, a P/E ratio of 9.40, a P/E/G ratio of 8.28 and a beta of 0.76. The business’s 50-day simple moving average is $88.27 and its 200-day simple moving average is $82.81.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 earnings per share. Equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Stephens raised their price target on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Barclays upgraded shares of Bunge Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $120.00 in a report on Thursday, November 6th. Finally, CICC Research boosted their target price on shares of Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.88.

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.