Bunge Global SA $BG Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc significantly reduced its stake in Bunge Global SA by 81.9%, ending the first quarter with approximately 106,387 shares, valued at about $8.17 million.
• Bunge Global reported a quarterly EPS of $1.31, exceeding analysts' expectations of $1.19, and recorded a year-over-year revenue decline of 3.6%, totaling $12.77 billion.
• The company announced a $0.70 dividend to be paid on September 2nd, which reflects a high yield of 342.0%, with a payout ratio of 27.97%.

Aberdeen Group plc cut its holdings in Bunge Global SA (NYSE:BG - Free Report) by 81.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 106,387 shares of the basic materials company's stock after selling 480,706 shares during the period. Aberdeen Group plc owned about 0.08% of Bunge Global worth $8,169,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BG. Raymond James Financial Inc. acquired a new position in shares of Bunge Global in the 4th quarter valued at about $1,994,000. Townsquare Capital LLC acquired a new position in shares of Bunge Global in the 4th quarter valued at about $204,000. First Trust Advisors LP boosted its holdings in shares of Bunge Global by 24.5% in the 4th quarter. First Trust Advisors LP now owns 502,870 shares of the basic materials company's stock valued at $39,103,000 after buying an additional 98,819 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after buying an additional 183,701 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in Bunge Global by 12.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 78,318 shares of the basic materials company's stock valued at $6,090,000 after purchasing an additional 8,691 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.9%

BG stock opened at $79.8210 on Wednesday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $101.81. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 4.97 and a beta of 0.67. The firm's 50-day moving average is $79.59 and its two-hundred day moving average is $76.95. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results 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 net margin of 2.71% and a return on equity of 9.16%. The business had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the previous year, the firm earned $1.73 EPS. The business'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. On average, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BG. Morgan Stanley boosted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Stephens reduced their target price 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. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.40.

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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