Algert Global LLC Takes 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 position in Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,256 shares of the basic materials company's stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new position in shares of Bunge Global in the 1st quarter worth $9,180,000. GAMMA Investing LLC grew its stake in shares of Bunge Global by 152.1% in the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock worth $250,000 after buying an additional 1,976 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of Bunge Global in the 4th quarter worth $1,596,000. Nisa Investment Advisors LLC grew its stake in shares of Bunge Global by 23.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock worth $408,000 after buying an additional 1,021 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Bunge Global in the 1st quarter worth $898,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company's stock.

Bunge Global Trading Down 0.0%

Bunge Global stock traded down $0.03 during trading hours on Thursday, hitting $84.64. The company had a trading volume of 1,373,780 shares, compared to its average volume of 1,846,387. The firm has a market cap of $16.93 billion, a P/E ratio of 8.46, a P/E/G ratio of 6.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. The company has a 50-day moving average price of $79.97 and a two-hundred day moving average price of $77.47.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $12.77 billion during 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 previous year, the company earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BG shares. Stephens dropped their price objective 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. Morgan Stanley lifted 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three 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, Bunge Global currently has an average rating of "Moderate Buy" and an average target price of $85.33.

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.