Sequoia Financial Advisors LLC Makes New $481,000 Investment in Bunge Global SA $BG
Sequoia Financial Advisors LLC has invested $481,000 in Bunge Global SA by acquiring 5,994 shares in the second quarter. Other institutional investors also increased their stakes, with Callan Family Office LLC investing $705,000 and Centennial Wealth Advisory LLC investing $449,000. Bunge Global's stock opened at $97.29, with a market cap of $19.46 billion and a P/E ratio of 9.72. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $94.86.
Sequoia Financial Advisors LLC bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,994 shares of the basic materials company's stock, valued at approximately $481,000.
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A number of other institutional investors have also recently bought and sold shares of the business. Callan Family Office LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at $705,000. Centennial Wealth Advisory LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at $449,000. Inspire Investing LLC grew its holdings in shares of Bunge Global by 79.0% in the 2nd quarter. Inspire Investing LLC now owns 7,355 shares of the basic materials company's stock valued at $590,000 after buying an additional 3,246 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at $29,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at $9,180,000. Institutional investors and hedge funds own 86.23% of the company's stock.
Bunge Global Trading Down 0.2%
BG opened at $97.29 on Tuesday. The firm's fifty day simple moving average is $83.39 and its 200 day simple moving average is $80.17. 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 SA has a 12 month low of $67.40 and a 12 month high of $99.41. The stock has a market capitalization of $19.46 billion, a P/E ratio of 9.72, a P/E/G ratio of 8.34 and a beta of 0.66.
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Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. During the same period in the previous year, the firm posted $1.73 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.
Insider Buying and Selling
In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
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Several equities analysts have recently issued reports on BG shares. Weiss Ratings reissued a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, October 8th. BMO Capital Markets boosted their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley boosted their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. Finally, Stephens boosted their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.86.
View Our Latest Stock Report on Bunge Global
About Bunge Global
(Free Report)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.
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