Ameriprise Financial Inc. Grows Holdings in Bunge Global SA $BG

Ameriprise Financial Inc. raised its position in shares of Bunge Global SA (NYSE:BG) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 651,900 shares of the basic materials company’s stock after purchasing an additional 41,563 shares during the quarter. Ameriprise Financial Inc. owned 0.49% of Bunge Global worth $49,815,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts recently issued reports on BG shares. Morgan Stanley increased their target price on 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. assumed 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, Stephens lowered their target price on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of Bunge Global 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 acquisition, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

Bunge Global Stock Performance

NYSE BG opened at $84.75 on Thursday. 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 SA has a 1-year low of $67.40 and a 1-year high of $101.81. The business has a 50 day simple moving average of $79.97 and a two-hundred day simple moving average of $77.47. The stock has a market capitalization of $16.96 billion, a PE ratio of 8.47, a P/E/G ratio of 6.34 and a beta of 0.67.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the company earned $1.73 EPS. The company’s quarterly revenue 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. On average, research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

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

Bunge Global 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.