Bunge Global SA $BG Stock Holdings Reduced by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Bunge Global SA (NYSE:BG) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,912 shares of the basic materials company’s stock after selling 24,136 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Bunge Global worth $9,580,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC raised its position in Bunge Global by 2,000.0% during the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Bunge Global by 4,175.0% during the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 334 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Bunge Global during the 3rd quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Bunge Global in the 2nd quarter valued at $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Bunge Global in the second quarter worth $31,000. Institutional investors own 86.23% of the company’s stock.

Insider Transactions at Bunge Global

In other news, VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the transaction, the vice president owned 104,537 shares in the company, valued at approximately $9,865,156.69. The trade was a 19.49% decrease 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BG. UBS Group boosted their price target on Bunge Global from $100.00 to $108.00 in a research report on Wednesday, December 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Bunge Global in a report on Wednesday, December 24th. CICC Research increased their price target on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Stephens lifted their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $105.00 to $120.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $110.67.

Bunge Global Stock Up 0.8%

Shares of BG stock opened at $113.55 on Friday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.00. The firm has a market cap of $21.96 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The stock has a 50 day moving average of $96.00 and a 200-day moving average of $88.46. The company has a quick ratio of 0.83, a current ratio of 1.66 and a debt-to-equity ratio of 0.57.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.04. Bunge Global had a net margin of 2.20% and a return on equity of 9.06%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. During the same quarter last year, the company posted $2.29 earnings per share. Bunge Global’s quarterly revenue was up 71.6% on a year-over-year basis. On average, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Company Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.