APG Asset Management N.V. Sells 3,300 Shares of 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% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,100 shares of the basic materials company's stock after selling 3,300 shares during the period. APG Asset Management N.V. owned about 0.06% of Bunge Global worth $5,313,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 261 shares during the period. Manchester Capital Management LLC raised its stake in shares of 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 purchasing an additional 359 shares during the period. Riverview Trust Co raised its stake 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 purchasing an additional 255 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 purchasing an additional 341 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Bunge Global during the 1st quarter worth $42,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Down 3.5%

Shares of BG opened at $85.09 on Wednesday. The business has a 50-day moving average of $79.99 and a 200 day moving average of $77.42. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81. The firm has a market cap of $17.02 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 6.58 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 (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 return on equity of 9.16% and a net margin of 2.71%.The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter last year, the firm posted $1.73 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a yield of 342.0%. Bunge Global's dividend payout ratio (DPR) is 27.97%.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent analyst reports. Stephens lowered their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley lifted their target price on 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 Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price on the stock. Three 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 has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Insiders Place Their Bets

In related news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. This represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Bunge Global 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.

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