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 purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,822 shares of the basic materials company's stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BG. SBI Securities Co. Ltd. boosted its holdings in Bunge Global by 12.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 135 shares during the period. Allworth Financial LP lifted its position in shares of Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock worth $76,000 after purchasing an additional 146 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Bunge Global by 0.9% in the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock valued at $1,321,000 after purchasing an additional 149 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Bunge Global by 2.1% in the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock valued at $588,000 after purchasing an additional 158 shares during the period. Finally, DoubleLine ETF Adviser LP grew its holdings in shares of Bunge Global by 2.4% in the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Stock Down 0.0%

Shares of NYSE:BG traded down $0.03 on Thursday, hitting $84.64. 1,373,780 shares of the company's stock were exchanged, compared to its average volume of 2,104,401. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $101.81. The company has a market capitalization of $16.93 billion, a PE ratio of 8.46, a P/E/G ratio of 6.32 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. The firm's 50-day moving average is $79.95 and its 200 day moving average is $77.58.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Insider Buying and Selling at Bunge Global

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BG shares. Morgan Stanley increased their target price 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. JPMorgan Chase & Co. started 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. Finally, Stephens decreased their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

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.