Forum Financial Management LP Raises Holdings in Bunge Global SA $BG

Forum Financial Management LP increased its stake in shares of Bunge Global SA (NYSE:BG) by 19.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,920 shares of the basic materials company’s stock after purchasing an additional 637 shares during the quarter. Forum Financial Management LP’s holdings in Bunge Global were worth $315,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Callan Family Office LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth $705,000. Centennial Wealth Advisory LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth $449,000. Inspire Investing LLC lifted its stake in shares of Bunge Global by 79.0% during the 2nd quarter. Inspire Investing LLC now owns 7,355 shares of the basic materials company’s stock worth $590,000 after purchasing an additional 3,246 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth $29,000. Finally, Signaturefd LLC lifted its stake in shares of Bunge Global by 77.0% during the 2nd quarter. Signaturefd LLC now owns 2,413 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 1,050 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Christopher Mahoney acquired 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was purchased 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. This trade represents a 231.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BG has been the subject of a number of analyst reports. Stephens upped their price objective on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Morgan Stanley upped their price objective on Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. increased their price target on Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research note on Friday. Finally, BMO Capital Markets boosted their price target on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Bunge Global presently has an average rating of “Hold” and a consensus price target of $97.71.

Bunge Global Trading Up 1.2%

Shares of NYSE:BG opened at $97.81 on Monday. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.40. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 8.49 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $84.49 and a 200-day moving average price of $80.86.

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

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.