Financial Advisors Network Inc. Invests $271,000 in Bunge Global SA $BG

Key Points

• Financial Advisors Network Inc. acquired 3,545 shares of Bunge Global SA (NYSE: BG), valued at approximately $271,000, in the first quarter of the year.
• Bunge Global has seen significant institutional interest, with 86.23% of its stock owned by institutional investors, including notable positions from Raymond James Financial and First Trust Advisors.
• The company recently declared a quarterly dividend of $0.70 per share, representing a dividend yield of 342.0%, set to be paid on September 2nd.

Financial Advisors Network Inc. purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,545 shares of the basic materials company's stock, valued at approximately $271,000.

Several other hedge funds also recently made changes to their positions in the business. Quantbot Technologies LP grew its stake in shares of Bunge Global by 16.9% during the 1st quarter. Quantbot Technologies LP now owns 90,693 shares of the basic materials company's stock worth $6,931,000 after acquiring an additional 13,133 shares in the last quarter. Korea Investment CORP grew its stake in shares of Bunge Global by 23.8% during the 1st quarter. Korea Investment CORP now owns 132,108 shares of the basic materials company's stock worth $10,096,000 after acquiring an additional 25,400 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Bunge Global by 44.8% during the 1st quarter. Brooklyn Investment Group now owns 828 shares of the basic materials company's stock worth $63,000 after acquiring an additional 256 shares in the last quarter. Algert Global LLC bought a new position in shares of Bunge Global during the 1st quarter worth approximately $325,000. Finally, American Century Companies Inc. grew its stake in shares of Bunge Global by 20.1% during the 1st quarter. American Century Companies Inc. now owns 290,540 shares of the basic materials company's stock worth $22,203,000 after acquiring an additional 48,578 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Insider Transactions at Bunge Global

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on BG shares. Morgan Stanley raised their price target 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. Stephens decreased their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note on Wednesday. They issued an "overweight" rating and a $95.00 target price for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Stock Performance

Bunge Global stock traded up $3.6640 during mid-day trading on Friday, hitting $87.0640. 3,252,923 shares of the company's stock traded hands, compared to its average volume of 2,176,722. The firm has a 50 day simple moving average of $79.97 and a two-hundred day simple moving average of $77.24. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 5.82 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.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter last year, the firm posted $1.73 EPS. The company'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, research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued 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.