Callan Family Office LLC Makes New Investment in Bunge Global SA $BG

Callan Family Office LLC bought a new position in Bunge Global SA (NYSE:BG) during the second quarter, HoldingsChannel.com reports. The fund bought 8,781 shares of the basic materials company’s stock, valued at approximately $705,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centennial Wealth Advisory LLC purchased a new stake in Bunge Global in the second quarter worth $449,000. Kingsview Wealth Management LLC purchased a new stake in Bunge Global in the first quarter worth $9,180,000. Signaturefd LLC increased its stake in Bunge Global by 77.0% in the second quarter. Signaturefd LLC now owns 2,413 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 1,050 shares during the period. GAMMA Investing LLC increased its stake in Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 1,976 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in shares of Bunge Global during the second quarter valued at $224,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of BG stock opened at $80.99 on Tuesday. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $96.74. The stock’s 50-day moving average is $82.30 and its 200 day moving average is $79.59. The company has a market cap of $16.20 billion, a P/E ratio of 8.09, a PEG ratio of 6.03 and a beta of 0.66. 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 (NYSE:BG) last issued 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 company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BG. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. began coverage on Bunge Global in a research note on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Bunge Global has an average rating of “Hold” and an average price target of $85.33.

Insiders Place Their Bets

In related news, Director Christopher Mahoney acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

Bunge Global 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.