APG Asset Management N.V. Has $5.31 Million Stock Holdings in Bunge Global SA $BG

Key Points

• APG Asset Management N.V. has reduced its stake in Bunge Global SA by 4.2%, selling 3,300 shares, and now holds approximately 0.06% of the company worth $5,313,000.
• Bunge Global recently reported $1.31 EPS for the last quarter, surpassing analysts' expectations, but faced a 3.6% year-over-year decline in revenue.
• The company announced a dividend of $0.70 per share, with a yield of 342.0%, set to be paid on September 2nd.

APG Asset Management N.V. cut its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,100 shares of the basic materials company's stock after selling 3,300 shares during the quarter. APG Asset Management N.V. owned 0.06% of Bunge Global worth $5,313,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BG. Kingsview Wealth Management LLC acquired a new position in Bunge Global during the first quarter valued at $9,180,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 1,976 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Bunge Global in the 4th quarter worth about $1,596,000. Nisa Investment Advisors LLC lifted its stake in 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 acquiring an additional 1,021 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Bunge Global in the 1st quarter worth about $898,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Down 0.4%

Shares of BG traded down $0.35 during mid-day trading on Monday, hitting $84.28. 1,424,764 shares of the company's stock were exchanged, compared to its average volume of 1,999,653. The firm has a fifty day moving average of $79.93 and a two-hundred day moving average of $77.89. The company has a quick ratio of 1.29, a current ratio of 2.07 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 stock has a market cap of $16.86 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 6.29 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. The business 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%. Bunge Global's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. 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 target price for the company. Morgan Stanley lifted 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. 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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.33.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, the director owned 7,164 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company's stock.

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.