Groupama Asset Managment Purchases Shares of 13,058 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 bought a new stake in Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,058 shares of the basic materials company's stock, valued at approximately $998,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its position in Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 261 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares in the last quarter. Riverview Trust Co boosted its stake in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after acquiring an additional 255 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after buying an additional 341 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Bunge Global in the 1st quarter valued at approximately $42,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent analyst reports. Stephens reduced their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley increased their price target on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. initiated coverage on Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price for the company. 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 has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Insider Activity

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 price of $81.73 per share, with a total value 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 represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company's stock.

Bunge Global Price Performance

NYSE:BG traded down $2.54 during midday trading on Tuesday, hitting $85.61. 400,519 shares of the stock were exchanged, compared to its average volume of 1,839,802. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 5.82 and a beta of 0.67. The business has a 50-day moving average price of $80.01 and a two-hundred day moving average price of $77.37. 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 (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion for 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 firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a dividend yield of 342.0%. Bunge Global's dividend payout ratio is currently 27.97%.

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.