Algert Global LLC Takes $325,000 Position in Bunge Global SA $BG

Key Points

• Algert Global LLC has acquired a new stake in Bunge Global SA, purchasing 4,256 shares valued at approximately $325,000 during the first quarter.
• Bunge Global reported earnings of $1.31 EPS for the last quarter, exceeding analysts' expectations and revealing a revenue of $12.77 billion, despite a 3.6% year-over-year decline.
• The company recently announced a dividend of $0.70 per share, with a future dividend yield of 342.0%, reflecting a 27.97% dividend payout ratio.

Algert Global LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,256 shares of the basic materials company's stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in Bunge Global by 12.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 135 shares in the last quarter. Allworth Financial LP grew its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 146 shares in the last quarter. Public Sector Pension Investment Board grew its position in Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock valued at $1,321,000 after purchasing an additional 149 shares in the last quarter. Moors & Cabot Inc. grew its position in Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock valued at $588,000 after purchasing an additional 158 shares in the last quarter. Finally, DoubleLine ETF Adviser LP grew its position in Bunge Global by 2.4% during the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after purchasing an additional 183 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BG has been the subject of several recent research reports. 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. initiated coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price for the company. Finally, 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 report on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Insider Activity

In other news, Director Christopher Mahoney acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company's stock.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.35 during trading hours on Friday, hitting $84.28. 1,424,764 shares of the stock were exchanged, compared to its average volume of 2,022,343. 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's 50 day moving average is $79.93 and its 200 day moving average is $77.74. The firm has a market capitalization of $16.86 billion, a P/E ratio of 8.42, a P/E/G ratio of 6.29 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. 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 year.

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.