Bunge Global SA $BG Shares Acquired by Humankind Investments LLC

Key Points

• Humankind Investments LLC increased its stake in Bunge Global SA by 27.0%, acquiring an additional 4,248 shares, bringing their total holding to 19,994 shares valued at approximately $1.53 million.
• Analysts' Price Targets: Morgan Stanley raised their price target for Bunge Global from $74.00 to $83.00, while Stephens lowered their target from $90.00 to $85.00, with a consensus rating of "Hold" and an average target of $83.40.
• Bunge Global's recent quarterly earnings reported an EPS of $1.31, exceeding analysts' estimates, although the company's revenue was down 3.6% year-over-year, totaling $12.77 billion.

Humankind Investments LLC boosted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 27.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,994 shares of the basic materials company's stock after purchasing an additional 4,248 shares during the quarter. Humankind Investments LLC's holdings in Bunge Global were worth $1,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BG. AustralianSuper Pty Ltd acquired a new position in Bunge Global during the 1st quarter valued at approximately $92,552,000. Voloridge Investment Management LLC boosted its position in Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after purchasing an additional 991,607 shares during the period. Dimensional Fund Advisors LP boosted its position in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after purchasing an additional 859,733 shares during the period. Man Group plc acquired a new position in Bunge Global during the 4th quarter valued at approximately $50,561,000. Finally, Nuveen LLC acquired a new position in Bunge Global during the 1st quarter valued at approximately $40,963,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Stephens reduced their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.40.

Bunge Global Stock Down 0.9%

BG opened at $79.8210 on Wednesday. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81. 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 stock's fifty day moving average is $79.59 and its 200-day moving average is $76.95. The company has a market capitalization of $15.97 billion, a PE ratio of 7.97, a P/E/G ratio of 4.97 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter in the previous year, the business earned $1.73 EPS. The company's quarterly revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.