Universal Beteiligungs und Servicegesellschaft mbH Has $9.58 Million Stock Position in Bunge Global SA $BG

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Bunge Global SA (NYSE:BG) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,912 shares of the basic materials company’s stock after selling 24,136 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Bunge Global were worth $9,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BG. CoreCap Advisors LLC raised its stake in shares of Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Cromwell Holdings LLC increased its holdings in Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after buying an additional 334 shares during the period. Root Financial Partners LLC acquired a new position in shares of Bunge Global in the 3rd quarter valued at $28,000. Ameritas Advisory Services LLC bought a new position in shares of Bunge Global during the 2nd quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Bunge Global during the 2nd quarter valued at about $31,000. 86.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Christos Dimopoulos sold 25,300 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the transaction, the vice president directly owned 104,537 shares in the company, valued at approximately $9,865,156.69. This represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $113.55 on Friday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.00. The firm has a market cap of $21.96 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.66. The business has a fifty day moving average of $96.00 and a 200-day moving average of $88.46.

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

Analyst Ratings Changes

BG has been the subject of several recent research reports. Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $105.00 to $120.00 in a research report on Thursday, November 6th. UBS Group increased their target price on Bunge Global from $100.00 to $108.00 in a report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bunge Global in a research note on Wednesday, December 24th. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Finally, Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bunge Global presently has an average rating of “Buy” and a consensus price target of $110.67.

Bunge Global Profile

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.