Bunge Global SA $BG Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Bunge Global SA by 6.7%, holding 121,800 shares worth approximately $9.3 million after selling 8,700 shares in the first quarter.
• Various institutional investors, including SBI Securities and Allworth Financial LP, have increased their holdings in Bunge Global during the same period, indicating strong interest from hedge funds.
• Analysts have set a **consensus price target** of $85.33 for Bunge Global, with rating upgrades from firms like JPMorgan, which has an "overweight" stance and a target of $95.00.

Adage Capital Partners GP L.L.C. reduced its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,800 shares of the basic materials company's stock after selling 8,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Bunge Global worth $9,308,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock worth $255,756,000 after buying an additional 859,733 shares during the period. Invesco Ltd. grew its stake in Bunge Global by 3.8% during the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company's stock worth $254,446,000 after buying an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Bunge Global by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company's stock worth $122,552,000 after buying an additional 101,586 shares during the period. Deutsche Bank AG lifted its position in shares of Bunge Global by 33.7% during the fourth quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company's stock worth $98,131,000 after purchasing an additional 317,902 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Bunge Global by 443.2% during the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after purchasing an additional 991,607 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BG shares. Morgan Stanley boosted their target price on shares of 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. started coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were bought at an average cost 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 trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company's stock.

Bunge Global Stock Down 0.3%

BG traded down $0.26 during trading on Friday, hitting $81.68. The company had a trading volume of 1,200,962 shares, compared to its average volume of 1,943,971. The company has a market cap of $16.34 billion, a PE ratio of 8.16, a P/E/G ratio of 6.12 and a beta of 0.67. The business has a 50-day moving average of $80.24 and a 200-day moving average of $78.47. 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 $100.48.

Bunge Global (NYSE:BG - Get Free Report) last posted 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. The firm had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

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.