Amundi Has $105.05 Million Stake in Bunge Global SA $BG

Key Points

• Amundi reduced its holding in Bunge Global SA by 44.8%, selling over 1.1 million shares during the first quarter, and now owns about 1.01% of the company valued at approximately $105 million.
• Several institutional investors increased their stakes in Bunge Global, with UMB Bank n.a. boosting its position by 163.1% and Manchester Capital Management LLC by 588.5% in the same quarter.
• Bunge Global reported a quarterly earnings per share (EPS) of $1.31, exceeding analyst expectations, despite a 3.6% revenue decline year-over-year, and has set a FY 2025 EPS guidance of $7.750.

Amundi trimmed its stake in Bunge Global SA (NYSE:BG - Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,356,947 shares of the basic materials company's stock after selling 1,100,917 shares during the period. Amundi owned 1.01% of Bunge Global worth $105,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its position in Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after purchasing an additional 359 shares during the period. UMB Bank n.a. lifted its stake in shares of Bunge Global by 163.1% in the first 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. Riverview Trust Co boosted its holdings in shares of 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 period. SVB Wealth LLC acquired a new position in Bunge Global in the 1st quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after buying an additional 341 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of NYSE:BG traded down $0.39 during trading on Thursday, hitting $81.95. 1,068,327 shares of the stock were exchanged, compared to its average volume of 1,990,024. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 6.15 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 $100.48. The company's fifty day simple moving average is $80.17 and its 200-day simple moving average is $78.42.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same period in the prior year, the company posted $1.73 earnings per share. Bunge Global's revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in 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. initiated coverage on Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.80% of the company's stock.

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.