AQR Capital Management LLC Raises Position in Bunge Global SA $BG

Key Points

• AQR Capital Management LLC has increased its stake in Bunge Global SA by 80.5%, owning 995,507 shares worth approximately $76 million after purchasing an additional 443,893 shares in the first quarter.
• Several large investors, including AustralianSuper and Voloridge Investment Management, have made significant changes to their positions in Bunge Global, with institutional investors owning 86.23% of the company's stock.
• Bunge Global reported earnings of $1.31 per share, surpassing estimates and projecting a fiscal year 2025 guidance of $7.75 EPS, while analysts have rated the stock as a "Moderate Buy" with a consensus price target of $85.33.

AQR Capital Management LLC lifted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 80.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,507 shares of the basic materials company's stock after purchasing an additional 443,893 shares during the period. AQR Capital Management LLC owned about 0.74% of Bunge Global worth $76,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Manchester Capital Management LLC increased its holdings 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 buying an additional 359 shares during the last quarter. UMB Bank n.a. boosted its stake in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 261 shares during the last quarter. Riverview Trust Co grew its position 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 valued at $34,000 after acquiring an additional 255 shares during the period. SVB Wealth LLC purchased a new stake in shares of Bunge Global during the 1st quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $39,000 after purchasing an additional 341 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $0.39 during trading hours on Thursday, reaching $81.95. The company had a trading volume of 1,068,327 shares, compared to its average volume of 1,990,024. The firm has a market cap of $16.39 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 6.15 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one year high of $100.48. 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 business has a fifty day simple moving average of $80.17 and a 200 day simple moving average of $78.42.

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

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney acquired 5,000 shares of Bunge Global stock in a transaction that occurred on Monday, August 18th. The stock was bought 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 owned 7,164 shares in the company, valued at approximately $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on 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. assumed coverage on Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price on the stock. Three investment 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.

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.