QRG Capital Management Inc. Buys 2,050 Shares of Bunge Global SA $BG

QRG Capital Management Inc. increased its holdings in shares of Bunge Global SA (NYSE:BG) by 45.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,539 shares of the basic materials company’s stock after acquiring an additional 2,050 shares during the quarter. QRG Capital Management Inc.’s holdings in Bunge Global were worth $525,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew 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 in the last quarter. Invesco Ltd. boosted its position in Bunge Global by 3.8% during the 1st 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. boosted its position in Bunge Global by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock worth $122,552,000 after buying an additional 101,586 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of Bunge Global in the 1st quarter worth approximately $92,552,000. Finally, AQR Capital Management LLC lifted its position in shares of Bunge Global by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after purchasing an additional 443,893 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Mahoney bought 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BG. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an “overweight” rating and a $95.00 target price on the stock. Morgan Stanley upped their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Hold” and a consensus target price of $85.33.

Bunge Global Price Performance

NYSE BG opened at $80.73 on Friday. The company has a market cap of $16.15 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $97.27. 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 simple moving average is $82.30 and its two-hundred day simple moving average is $79.50.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company’s revenue for the quarter 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. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

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.