Groupama Asset Managment Takes Position in Bunge Global SA $BG

Key Points

• Groupama Asset Management acquired 13,058 shares of Bunge Global SA (NYSE:BG), worth approximately $998,000, as per its recent SEC filing.
• Bunge Global reported $1.31 EPS for the last quarter, surpassing analysts' expectations of $1.19, with a revenue of $12.77 billion.
• The company announced a dividend of $0.70 per share, which will be distributed on September 2nd, presenting a dividend yield of 342.0%.

Groupama Asset Managment purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,058 shares of the basic materials company's stock, valued at approximately $998,000.

A number of other hedge funds also recently made changes to their positions in BG. AustralianSuper Pty Ltd acquired a new position in shares of Bunge Global in the 1st quarter valued at $92,552,000. Voloridge Investment Management LLC boosted its holdings in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after purchasing an additional 991,607 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $255,756,000 after purchasing an additional 859,733 shares during the last quarter. Man Group plc acquired a new position in shares of Bunge Global in the 4th quarter valued at $50,561,000. Finally, Nuveen LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at $40,963,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

BG has been the topic of a number of research reports. Stephens cut their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Bunge Global in a research note on Wednesday. They issued an "overweight" rating and a $95.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Insider Transactions at Bunge Global

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

Bunge Global Stock Up 4.4%

Bunge Global stock traded up $3.6640 during midday trading on Friday, hitting $87.0640. 3,252,923 shares of the stock were exchanged, compared to its average volume of 2,067,751. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. The firm has a market cap of $17.42 billion, a P/E ratio of 8.70, a P/E/G ratio of 5.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The company has a 50 day moving average price of $79.97 and a two-hundred day moving average price of $77.18.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The firm's quarterly revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently declared 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 payout ratio 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.