Bunge Global SA $BG Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,476 shares of the basic materials company’s stock after selling 1,842 shares during the quarter. Metis Global Partners LLC’s holdings in Bunge Global were worth $1,804,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BG. AustralianSuper Pty Ltd purchased a new stake in shares of Bunge Global during the 1st quarter worth approximately $92,552,000. Dimensional Fund Advisors LP raised its stake in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after acquiring an additional 859,733 shares in the last quarter. Nuveen LLC acquired a new stake in Bunge Global during the 1st quarter worth $40,963,000. AQR Capital Management LLC lifted its position in 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 valued at $76,077,000 after acquiring an additional 443,893 shares during the last quarter. Finally, Yaupon Capital Management LP acquired a new position in Bunge Global in the first quarter valued at $19,920,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Bunge Global stock opened at $95.03 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The business has a 50 day simple moving average of $86.93 and a 200-day simple moving average of $82.25. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The stock has a market capitalization of $18.38 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global’s quarterly revenue was up 71.6% on a year-over-year basis. During the same period last year, the firm posted $2.29 EPS. Equities analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upgraded Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $105.00 to $120.00 in a research report on Thursday, November 6th. Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. CICC Research boosted their price objective on Bunge Global from $90.00 to $110.00 in a research note on Friday. Morgan Stanley set a $95.00 target price on shares of Bunge Global in a research report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.88.

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Bunge Global Profile

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.