Insider Selling: Bunge Global (NYSE:BG) VP Sells $2,387,561.00 in Stock

Bunge Global SA (NYSE:BG) VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the sale, the vice president owned 104,537 shares in the company, valued at $9,865,156.69. This represents a 19.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bunge Global Stock Performance

Shares of BG stock opened at $96.62 on Friday. The business’s 50-day moving average price is $90.38 and its 200-day moving average price is $83.71. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 8.28 and a beta of 0.76. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global in the 3rd quarter valued at about $25,000. CoreCap Advisors LLC boosted its holdings in shares of Bunge Global by 2,000.0% during the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Cromwell Holdings LLC boosted 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 buying an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Bunge Global during the 3rd quarter worth approximately $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Bunge Global in the 2nd quarter valued at $29,000. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BG shares. Morgan Stanley set a $95.00 price target on shares of Bunge Global in a research note on Monday, October 27th. Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Barclays upgraded Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $105.00 to $120.00 in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their price objective on Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, CICC Research lifted their price objective on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.88.

About Bunge Global

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.