Johnson Financial Group Inc. Has $436,000 Stock Holdings in Bunge Global SA $BG

Johnson Financial Group Inc. lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,430 shares of the basic materials company’s stock after selling 1,206 shares during the quarter. Johnson Financial Group Inc.’s holdings in Bunge Global were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BG. Private Advisor Group LLC bought a new stake in Bunge Global during the 1st quarter worth approximately $229,000. Assetmark Inc. raised its stake in shares of Bunge Global by 4.0% in the 1st quarter. Assetmark Inc. now owns 20,919 shares of the basic materials company’s stock valued at $1,599,000 after purchasing an additional 799 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bunge Global by 3.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,202 shares of the basic materials company’s stock valued at $3,760,000 after buying an additional 1,500 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Bunge Global during the 1st quarter worth about $1,272,000. Finally, XTX Topco Ltd acquired a new position in shares of Bunge Global during the 1st quarter worth about $343,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on BG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. Zacks Research raised shares of Bunge Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. BMO Capital Markets increased their price objective on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. CICC Research boosted their target price on shares of Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.88.

Bunge Global Stock Up 0.1%

Shares of BG opened at $96.62 on Friday. The firm has a 50 day simple moving average of $90.38 and a two-hundred day simple moving average of $83.71. The company has a market cap of $18.68 billion, a P/E ratio of 9.65, a P/E/G ratio of 8.28 and a beta of 0.76. Bunge Global SA has a one year low of $67.40 and a one year high of $99.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.04. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $22.46 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Transactions at Bunge Global

In other news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the transaction, the vice president owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Bunge Global Company 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.