Applied Finance Capital Management LLC Trims Holdings in Bunge Global SA $BG

Applied Finance Capital Management LLC trimmed its stake in Bunge Global SA (NYSE:BG) by 6.4% during the second quarter, Holdings Channel.com reports. The fund owned 3,197 shares of the basic materials company’s stock after selling 220 shares during the period. Applied Finance Capital Management LLC’s holdings in Bunge Global were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC raised its stake in shares of Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 334 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Bunge Global in the 2nd quarter valued at approximately $29,000. Manchester Capital Management LLC raised its stake in shares of Bunge Global by 588.5% in 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 period. SVB Wealth LLC acquired a new position in shares of Bunge Global in the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Bunge Global by 197.1% in 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 hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.80% of the stock is owned by company insiders.

Bunge Global Trading Up 2.3%

NYSE BG opened at $97.52 on Friday. 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 SA has a 52 week low of $67.40 and a 52 week high of $98.23. The stock has a market capitalization of $19.51 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66. The firm has a 50 day moving average of $83.08 and a two-hundred day moving average of $79.98.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The firm’s 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. As a group, research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BG. BMO Capital Markets lifted their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Stephens lifted their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.86.

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.