13,058 Shares in Bunge Global SA $BG Bought by Groupama Asset Managment

Groupama Asset Managment acquired a new position in shares of Bunge Global SA (NYSE:BG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,058 shares of the basic materials company’s stock, valued at approximately $998,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC bought a new position in Bunge Global in the first quarter valued at about $9,180,000. GAMMA Investing LLC raised its position in Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 1,976 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in Bunge Global in the fourth quarter valued at about $1,596,000. Nisa Investment Advisors LLC raised its position in Bunge Global by 23.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company’s stock valued at $408,000 after purchasing an additional 1,021 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in Bunge Global in the first quarter valued at about $898,000. 86.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, with a total value 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 is available at this link. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research report on Wednesday. They issued an “overweight” rating and a $95.00 target price for the company. Morgan Stanley increased their target price on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Stephens dropped 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.33.

Bunge Global Trading Up 3.1%

Shares of BG stock opened at $82.3210 on Thursday. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 4.93 and a beta of 0.67. The stock has a 50-day moving average of $79.72 and a 200-day moving average of $76.99. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $101.81.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter 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. On average, equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

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

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.