Bayforest Capital Ltd Increases Stock Position in Bunge Global SA $BG

Bayforest Capital Ltd boosted its stake in shares of Bunge Global SA (NYSE:BG) by 44.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,368 shares of the basic materials company’s stock after buying an additional 2,277 shares during the quarter. Bayforest Capital Ltd’s holdings in Bunge Global were worth $563,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Bunge Global by 34.6% during the first 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. boosted its stake 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 worth $254,446,000 after buying an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Bunge Global by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock worth $122,552,000 after purchasing an additional 101,586 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Bunge Global by 443.2% during the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company’s stock worth $94,503,000 after purchasing an additional 991,607 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in shares of Bunge Global during the first quarter worth about $92,552,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 0.1%

Shares of NYSE:BG opened at $84.22 on Wednesday. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 6.30 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $100.48. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average price is $80.08 and its 200 day moving average price is $78.33.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BG. Morgan Stanley increased their price target on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.33.

Insider Buying and Selling

In related news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.

Bunge Global Company Profile

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.