42,111 Shares of Bunge Global SA $BG Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 42,111 shares of the basic materials company’s stock, valued at approximately $4,504,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. ProShare Advisors LLC grew its stake in shares of Bunge Global by 12.7% in the third quarter. ProShare Advisors LLC now owns 37,186 shares of the basic materials company’s stock worth $3,977,000 after purchasing an additional 4,192 shares during the last quarter. North Dakota State Investment Board grew its stake in shares of Bunge Global by 5.0% in the 3rd quarter. North Dakota State Investment Board now owns 4,066 shares of the basic materials company’s stock valued at $435,000 after buying an additional 195 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Bunge Global by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 87,486 shares of the basic materials company’s stock worth $9,357,000 after purchasing an additional 781 shares during the period. apricus wealth LLC increased its position in shares of Bunge Global by 2.0% during the third quarter. apricus wealth LLC now owns 49,327 shares of the basic materials company’s stock worth $5,276,000 after acquiring an additional 970 shares in the last quarter. Finally, Patton Albertson Miller Group LLC lifted its holdings in shares of Bunge Global by 6.7% in the third quarter. Patton Albertson Miller Group LLC now owns 39,275 shares of the basic materials company’s stock valued at $4,200,000 after purchasing an additional 2,479 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. UBS Group raised their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Weiss Ratings raised Bunge Global from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research lowered shares of Bunge Global from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.38.

Bunge Global Trading Up 0.6%

Shares of BG stock traded up $0.60 on Friday, hitting $99.14. 2,718,243 shares of the company’s stock traded hands, compared to its average volume of 1,455,663. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 16.66 and a beta of 0.70. The company’s fifty day simple moving average is $109.12 and its 200 day simple moving average is $116.71. Bunge Global SA has a one year low of $88.24 and a one year high of $134.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.65 and a current ratio of 1.50.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Thursday, October 29th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.15. The business had revenue of $23.80 billion during the quarter, compared to analyst estimates of $23.28 billion. Bunge Global had a net margin of 1.24% and a return on equity of 9.34%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. Equities analysts forecast that Bunge Global SA will post 9.63 EPS for the current year.

Bunge Global Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.

The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.