Bunge Global SA (NYSE:BG – Get Free Report) Director Christopher Mahoney bought 1,500 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $107.60 per share, with a total value of $161,400.00. Following the completion of the purchase, the director directly owned 14,820 shares of the company’s stock, valued at approximately $1,594,632. This trade represents a 11.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Christopher Mahoney also recently made the following trade(s):
- On Friday, July 31st, Christopher Mahoney purchased 5,000 shares of Bunge Global stock. The stock was bought at an average price of $105.53 per share, for a total transaction of $527,650.00.
Bunge Global Trading Up 1.1%
BG stock traded up $1.16 during trading on Tuesday, hitting $106.56. The company had a trading volume of 2,138,008 shares, compared to its average volume of 1,713,233. Bunge Global SA has a 52-week low of $76.01 and a 52-week high of $134.87. The company has a 50 day simple moving average of $117.13 and a 200-day simple moving average of $119.75. The firm has a market capitalization of $20.47 billion, a P/E ratio of 20.69 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.
Analyst Ratings Changes
BG has been the subject of a number of research reports. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Finally, Barclays lifted their target price on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.67.
Read Our Latest Stock Analysis on Bunge Global
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global during the fourth quarter valued at approximately $27,000. Global Trust Asset Management LLC purchased a new position in Bunge Global during the first quarter valued at approximately $47,000. CYBER HORNET ETFs LLC bought a new position in Bunge Global in the second quarter worth approximately $31,000. MUFG Securities EMEA plc bought a new position in Bunge Global in the second quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Bunge Global during the fourth quarter worth $35,000. 86.23% of the stock is currently owned by institutional investors.
About Bunge Global
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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