Bunge Global SA (NYSE:BG – Get Free Report) Director Christopher Mahoney acquired 1,500 shares of Bunge Global stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director owned 14,820 shares in the company, valued at approximately $1,594,632. This represents a 11.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Christopher Mahoney also recently made the following trade(s):
- On Friday, July 31st, Christopher Mahoney bought 5,000 shares of Bunge Global stock. The stock was purchased at an average cost of $105.53 per share, with a total value of $527,650.00.
Bunge Global Stock Up 2.2%
NYSE BG opened at $109.01 on Friday. The stock has a market capitalization of $20.94 billion, a P/E ratio of 21.17 and a beta of 0.65. Bunge Global SA has a 52 week low of $76.01 and a 52 week high of $134.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The stock has a fifty day moving average of $116.27 and a 200-day moving average of $119.75.
Analyst Ratings Changes
Several brokerages have recently issued reports on BG. Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Barclays increased their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.67.
View Our Latest Report on Bunge Global
Hedge Funds Weigh In On Bunge Global
Several hedge funds have recently added to or reduced their stakes in BG. Glencore plc increased its stake in shares of Bunge Global by 100.0% in the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after acquiring an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares during the period. Pacific Point Advisors LLC acquired a new position in Bunge Global during the fourth quarter valued at approximately $1,436,000. KBC Group NV increased its stake in Bunge Global by 35.9% in the fourth quarter. KBC Group NV now owns 37,284 shares of the basic materials company’s stock valued at $3,321,000 after purchasing an additional 9,849 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Bunge Global in the fourth quarter valued at approximately $560,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
About Bunge Global
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.
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