AE Wealth Management LLC Increases Position in Bunge Global SA $BG

AE Wealth Management LLC grew its position in Bunge Global SA (NYSE:BG) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,635 shares of the basic materials company’s stock after purchasing an additional 4,691 shares during the quarter. AE Wealth Management LLC’s holdings in Bunge Global were worth $13,702,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BG. CoreCap Advisors LLC raised its stake in Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after buying an additional 300 shares in the last quarter. Cromwell Holdings LLC increased its holdings 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 last quarter. Root Financial Partners LLC purchased a new position in shares of Bunge Global in the 3rd quarter valued at about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Bunge Global during the 2nd quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Bunge Global during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 0.2%

NYSE:BG opened at $115.08 on Friday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $119.58. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $97.69 and its 200-day simple moving average is $89.46. The firm has a market cap of $22.25 billion, a P/E ratio of 12.39, a PEG ratio of 1.75 and a beta of 0.78.

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

Insider Activity 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 directly owned 104,537 shares in the company, valued at $9,865,156.69. The trade was a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BG. UBS Group increased their price target on shares of Bunge Global from $100.00 to $108.00 in a research note on Wednesday, December 24th. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $120.00 in a research report on Tuesday, December 16th. Stephens upped their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bunge Global in a research report on Wednesday, December 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

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.