American Century Companies Inc. Has $22.20 Million Stock Position in Bunge Global SA $BG

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. increased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,540 shares of the basic materials company's stock after buying an additional 48,578 shares during the quarter. American Century Companies Inc. owned about 0.22% of Bunge Global worth $22,203,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after buying an additional 261 shares during the last quarter. Manchester Capital Management LLC grew its stake in Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after buying an additional 359 shares during the last quarter. Riverview Trust Co grew its stake in Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after buying an additional 255 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Bunge Global by 197.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock worth $39,000 after buying an additional 341 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Bunge Global during the 1st quarter worth $42,000. 86.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BG has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Stephens reduced their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. initiated coverage on Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of Bunge Global 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 completion of the acquisition, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $0.24 during trading on Thursday, hitting $84.91. The stock had a trading volume of 710,343 shares, compared to its average volume of 1,842,048. 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 firm has a market cap of $16.99 billion, a P/E ratio of 8.47, a PEG ratio of 6.34 and a beta of 0.67. The business has a fifty day moving average of $79.97 and a two-hundred day moving average of $77.47. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81.

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, beating the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The company's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.