Oak Thistle LLC Sells 13,482 Shares of Bunge Global SA $BG

Oak Thistle LLC decreased its stake in shares of Bunge Global SA (NYSE:BG) by 46.9% during the 3rd quarter, Holdings Channel reports. The firm owned 15,292 shares of the basic materials company’s stock after selling 13,482 shares during the period. Oak Thistle LLC’s holdings in Bunge Global were worth $1,242,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. AE Wealth Management LLC grew its position in shares of Bunge Global by 1,596.3% in the 2nd quarter. AE Wealth Management LLC now owns 163,944 shares of the basic materials company’s stock valued at $13,162,000 after acquiring an additional 154,279 shares during the period. LSV Asset Management raised its holdings in shares of Bunge Global by 2.1% in the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock valued at $171,467,000 after purchasing an additional 43,343 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Bunge Global in the 2nd quarter valued at about $382,000. Inspire Advisors LLC bought a new position in Bunge Global during the second quarter worth about $3,279,000. Finally, Amundi grew its holdings in Bunge Global by 8.9% during the second quarter. Amundi now owns 1,477,573 shares of the basic materials company’s stock worth $117,293,000 after purchasing an additional 120,626 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Activity at Bunge Global

In other news, VP Christos Dimopoulos sold 25,300 shares of Bunge Global stock in a transaction that occurred on 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 sale, the vice president directly owned 104,537 shares in the company, valued at approximately $9,865,156.69. The trade was a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Bunge Global Stock Down 1.3%

BG stock opened at $91.73 on Friday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $99.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.66 and a quick ratio of 0.83. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 2.41 and a beta of 0.79. The business’s fifty day moving average price is $93.99 and its two-hundred day moving average price is $85.13.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. Bunge Global had a net margin of 2.20% and a return on equity of 9.06%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. During the same period in the prior year, the company posted $2.29 earnings per share. Bunge Global’s revenue was up 71.6% compared to the same quarter last year. On average, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

BG has been the topic of several research 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. raised their price target on Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $105.00 to $120.00 in a research report on Thursday, November 6th. Bank of America increased their price objective on shares of Bunge Global from $95.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Morgan Stanley raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $120.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $109.13.

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.