Bunge Global SA $BG Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Bunge Global SA by 20.1%, now owning approximately 290,540 shares valued at about $22.20 million.
• Institutional investors now hold 86.23% of Bunge Global's stock, with several hedge funds acquiring new positions or boosting existing ones during the first quarter.
• Bunge Global's recent quarterly earnings reported $1.31 EPS, exceeding the expected $1.19, although revenue fell by 3.6% year-over-year.

American Century Companies Inc. lifted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,540 shares of the basic materials company's stock after acquiring an additional 48,578 shares during the period. American Century Companies Inc. owned approximately 0.22% of Bunge Global worth $22,203,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BG. Raymond James Financial Inc. acquired a new stake in shares of Bunge Global in the fourth quarter worth $1,994,000. Stifel Financial Corp increased its position in shares of Bunge Global by 9.3% in the fourth quarter. Stifel Financial Corp now owns 43,055 shares of the basic materials company's stock worth $3,348,000 after acquiring an additional 3,677 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Bunge Global by 158.7% in the fourth quarter. Hsbc Holdings PLC now owns 190,723 shares of the basic materials company's stock valued at $14,711,000 after purchasing an additional 117,011 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Bunge Global by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 204,033 shares of the basic materials company's stock valued at $15,867,000 after purchasing an additional 3,582 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Bunge Global in the fourth quarter valued at $14,077,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.80% of the company's stock.

Bunge Global Stock Down 0.4%

BG stock traded down $0.35 during mid-day trading on Friday, hitting $84.28. 1,424,764 shares of the company were exchanged, compared to its average volume of 2,022,343. The company has a market capitalization of $16.86 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 6.32 and a beta of 0.67. 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 SA has a twelve month low of $67.40 and a twelve month high of $101.81. The firm has a fifty day simple moving average of $79.93 and a 200 day simple moving average of $77.68.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same period last year, the business earned $1.73 EPS. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BG. Morgan Stanley upped their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note 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 note on Thursday, May 8th. Three 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 price target 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.