Bunge Global SA $BG Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. trimmed its stake in Bunge Global SA (NYSE:BG) by 14.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,136 shares of the basic materials company’s stock after selling 4,661 shares during the quarter. Howard Capital Management Inc.’s holdings in Bunge Global were worth $2,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC boosted its position in shares of Bunge Global by 2,000.0% in the 3rd 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 during the period. Cromwell Holdings LLC lifted its stake in Bunge Global by 4,175.0% during the second 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 in the last quarter. Root Financial Partners LLC purchased a new stake in Bunge Global during the third quarter valued at about $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global in the second quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Bunge Global in the second quarter worth approximately $31,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BG. UBS Group upped their price target on shares of Bunge Global from $100.00 to $108.00 in a research report on Wednesday, December 24th. Bank of America boosted their target price on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Stephens raised their target price on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Morgan Stanley upgraded Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $120.00 in a report on Tuesday, December 16th. Finally, CICC Research increased their price objective on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.67.

Bunge Global Trading Down 1.2%

Bunge Global stock opened at $113.73 on Friday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $119.57. The company has a quick ratio of 0.83, a current ratio of 1.66 and a debt-to-equity ratio of 0.57. The stock has a market cap of $21.99 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.75 and a beta of 0.78. The company’s fifty day simple moving average is $98.07 and its 200-day simple moving average is $89.73.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. Bunge Global had a return on equity of 9.06% and a net margin of 2.20%.The firm had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $22.46 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the transaction, the vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

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.