Bunge Global SA $BG Shares Acquired by Humankind Investments LLC

Humankind Investments LLC raised its position in Bunge Global SA (NYSE:BG) by 101.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 40,367 shares of the basic materials company’s stock after acquiring an additional 20,373 shares during the quarter. Bunge Global makes up about 0.8% of Humankind Investments LLC’s holdings, making the stock its 20th largest holding. Humankind Investments LLC’s holdings in Bunge Global were worth $3,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Bunge Global by 9.8% during the second quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 121 shares during the period. M&T Bank Corp boosted its position in shares of Bunge Global by 1.9% during the 2nd quarter. M&T Bank Corp now owns 6,743 shares of the basic materials company’s stock worth $541,000 after purchasing an additional 124 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Bunge Global by 0.9% during the 1st quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock worth $1,321,000 after purchasing an additional 149 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Bunge Global by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 28,841 shares of the basic materials company’s stock valued at $2,315,000 after purchasing an additional 157 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of Bunge Global by 4.0% in the second quarter. Greenleaf Trust now owns 4,221 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BG. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Morgan Stanley set a $95.00 price objective on Bunge Global in a research note on Monday, October 27th. JPMorgan Chase & Co. boosted their target price on Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Finally, Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $120.00 in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $106.00.

Insiders Place Their Bets

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the transaction, the vice president owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This represents a 19.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.80% of the company’s stock.

Bunge Global Price Performance

NYSE:BG opened at $92.82 on Friday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $99.55. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 2.43 and a beta of 0.79. The company’s 50-day moving average is $93.24 and its two-hundred day moving average is $84.76. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57.

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

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.