Y Intercept Hong Kong Ltd Buys Shares of 92,390 Bunge Global SA $BG

Y Intercept Hong Kong Ltd bought a new stake in shares of Bunge Global SA (NYSE:BG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 92,390 shares of the basic materials company’s stock, valued at approximately $7,417,000. Y Intercept Hong Kong Ltd owned 0.07% of Bunge Global as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC increased its position in Bunge Global by 4,175.0% during the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 334 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth approximately $29,000. Manchester Capital Management LLC grew its position in shares of Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock worth $32,000 after buying an additional 359 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Bunge Global in the 1st quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after buying an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Stephens lifted their target price on shares of Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. BMO Capital Markets lifted their target price on shares of Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley set a $95.00 target price on shares of Bunge Global in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Hold” and a consensus target price of $99.43.

Bunge Global Stock Performance

Shares of NYSE BG opened at $96.40 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The stock has a market cap of $19.29 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 8.49 and a beta of 0.66. The company has a 50 day simple moving average of $84.80 and a two-hundred day simple moving average of $81.02. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55.

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

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director directly owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

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.