Aristides Capital LLC Takes Position in Bunge Global SA $BG

Key Points

• Aristides Capital LLC has invested approximately $292,000 in Bunge Global SA by purchasing 3,822 shares, according to their latest 13F filing with the SEC.
• Analysts have mixed ratings on Bunge Global with three giving a Buy rating and three a Hold rating, while the stock carries an average rating of "Moderate Buy" and a consensus price target of $85.33.
• Bunge Global has announced a dividend of $0.70 to be paid on September 2, providing a dividend yield of 342.0% and indicating a healthy payout ratio of 27.97%.

Aristides Capital LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,822 shares of the basic materials company's stock, valued at approximately $292,000.

Several other institutional investors have also recently made changes to their positions in BG. Raymond James Financial Inc. acquired a new position in shares of Bunge Global during the fourth quarter valued at about $1,994,000. Stifel Financial Corp raised its holdings in shares of Bunge Global by 9.3% during the fourth quarter. Stifel Financial Corp now owns 43,055 shares of the basic materials company's stock valued at $3,348,000 after purchasing an additional 3,677 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Bunge Global by 158.7% during the fourth quarter. Hsbc Holdings PLC now owns 190,723 shares of the basic materials company's stock valued at $14,711,000 after purchasing an additional 117,011 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Bunge Global by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 204,033 shares of the basic materials company's stock worth $15,867,000 after buying an additional 3,582 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Bunge Global by 5.0% during the 4th quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company's stock worth $184,167,000 after buying an additional 112,333 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BG shares. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target on the stock. Morgan Stanley boosted their price target on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Finally, Stephens decreased their price target 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Bunge Global Stock Performance

Shares of BG traded down $0.35 during mid-day trading on Friday, hitting $84.28. The stock had a trading volume of 1,424,764 shares, compared to its average volume of 2,022,343. The firm has a market cap of $16.86 billion, a P/E ratio of 8.42, a PEG ratio of 6.29 and a beta of 0.67. The business has a fifty day moving average price of $79.93 and a 200-day moving average price of $77.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion for 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 business's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

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.