Bunge Global SA $BG Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its stake in shares of Bunge Global SA (NYSE:BG) by 67.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,145 shares of the basic materials company’s stock after selling 16,862 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Bunge Global were worth $654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BG. AustralianSuper Pty Ltd acquired a new position in Bunge Global during the first quarter worth approximately $92,552,000. Dimensional Fund Advisors LP grew its stake in Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after buying an additional 859,733 shares during the period. Nuveen LLC acquired a new stake in shares of Bunge Global in the first quarter worth $40,963,000. AQR Capital Management LLC increased its position in shares of Bunge Global by 80.5% in the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after acquiring an additional 443,893 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in shares of Bunge Global in the first quarter worth $19,920,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Saturday, September 27th. Morgan Stanley increased their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.33.

Bunge Global Price Performance

BG opened at $84.01 on Friday. The company has a fifty day simple moving average of $81.87 and a 200 day simple moving average of $79.23. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 6.27 and a beta of 0.66. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $99.39. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher Mahoney purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

About Bunge Global

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.