Gamco Investors INC. ET AL Lowers Stake in Bunge Global SA $BG

Gamco Investors INC. ET AL reduced its position in Bunge Global SA (NYSE:BG) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,424 shares of the basic materials company’s stock after selling 561 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bunge Global were worth $4,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after buying an additional 859,733 shares during the period. Invesco Ltd. raised its holdings in Bunge Global by 3.8% during the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock valued at $254,446,000 after acquiring an additional 122,931 shares during the period. Northern Trust Corp raised its holdings in Bunge Global by 5.0% during the fourth quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company’s stock valued at $184,167,000 after acquiring an additional 112,333 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Bunge Global by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock valued at $122,552,000 after acquiring an additional 101,586 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Bunge Global by 33.7% in the fourth quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company’s stock worth $98,131,000 after acquiring an additional 317,902 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Down 0.2%

Shares of BG opened at $84.75 on Thursday. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 6.34 and a beta of 0.67. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. The business’s 50 day simple moving average is $79.97 and its 200-day simple moving average is $77.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same period last year, the firm posted $1.73 earnings per share. Bunge Global’s revenue for the quarter was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, August 19th. This represents a dividend yield of 342.0%. Bunge Global’s payout ratio is 27.97%.

Insider Activity

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the transaction, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the subject of several research analyst reports. Stephens cut their target price on Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Bunge Global in a report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

About Bunge Global

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.