De Lisle Partners LLP Has $2.34 Million Stake in Bunge Global SA $BG

De Lisle Partners LLP boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,086 shares of the basic materials company’s stock after buying an additional 6,800 shares during the period. De Lisle Partners LLP’s holdings in Bunge Global were worth $2,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BG. Cromwell Holdings LLC lifted its holdings in shares of Bunge Global by 4,175.0% during the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 334 shares during the period. Ameritas Advisory Services LLC bought a new stake in Bunge Global in the second quarter valued at about $29,000. Manchester Capital Management LLC increased its stake in Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 359 shares during the period. SVB Wealth LLC acquired a new position in Bunge Global in the first quarter worth about $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 341 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Bunge Global stock opened at $95.33 on Friday. The business’s fifty day moving average is $90.70 and its two-hundred day moving average is $83.82. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market cap of $18.43 billion, a P/E ratio of 9.52, a P/E/G ratio of 8.28 and a beta of 0.76. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.55.

Bunge Global (NYSE:BG) last announced its earnings results 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 company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The firm’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

BG has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. boosted their price target on Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Zacks Research upgraded Bunge Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. CICC Research boosted their target price on shares of Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Finally, Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $120.00 in a report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $102.88.

Insiders Place Their Bets

In other Bunge Global 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 value of $2,387,561.00. Following the completion of the transaction, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

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.