J. Safra Sarasin Holding AG Has $1.84 Million Position in Bunge Global SA $BG

J. Safra Sarasin Holding AG grew its position in Bunge Global SA (NYSE:BG) by 178.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,681 shares of the basic materials company’s stock after acquiring an additional 14,536 shares during the period. J. Safra Sarasin Holding AG’s holdings in Bunge Global were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BG. Glencore plc bought a new position in Bunge Global during the third quarter worth about $2,665,496,000. Geode Capital Management LLC lifted its position in shares of Bunge Global by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock valued at $282,683,000 after buying an additional 80,082 shares during the last quarter. LSV Asset Management boosted its stake in shares of Bunge Global by 2.1% during the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after acquiring an additional 43,343 shares during the period. Norges Bank bought a new position in shares of Bunge Global during the 2nd quarter worth approximately $149,380,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Bunge Global by 6.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,702,989 shares of the basic materials company’s stock worth $136,716,000 after acquiring an additional 99,320 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BG shares. Morgan Stanley raised Bunge Global from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $120.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. CICC Research lifted their target price on shares of Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bunge Global in a research note on Wednesday, December 24th. Finally, Stephens increased their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $110.67.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $116.24 on Wednesday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $116.77. The company’s 50 day moving average price is $96.80 and its two-hundred day moving average price is $89.10. The firm has a market cap of $22.48 billion, a PE ratio of 12.51, a PEG ratio of 1.73 and a beta of 0.78. The company has a quick ratio of 0.83, a current ratio of 1.66 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.04. The business had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $22.46 billion. Bunge Global had a return on equity of 9.06% and a net margin of 2.20%.The firm’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Buying and Selling at Bunge Global

In other 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 sale, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This represents a 19.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Bunge Global Company 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.