Bunge Global SA $BG Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC sold 80.0% of its holdings in Bunge Global SA, reducing its shares to 10,171, valued at $777,000.
• Bunge Global reported a quarterly EPS of $1.31, beating estimates, but its revenue decreased by 3.6% year-over-year, totaling $12.77 billion.
• The company announced a $0.70 dividend, set to pay out on September 2nd, representing a yield of 342.0%.

Brandywine Global Investment Management LLC reduced its holdings in Bunge Global SA (NYSE:BG - Free Report) by 80.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,171 shares of the basic materials company's stock after selling 40,579 shares during the period. Brandywine Global Investment Management LLC's holdings in Bunge Global were worth $777,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after acquiring an additional 859,733 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Bunge Global by 67.2% during the first quarter. Kovitz Investment Group Partners LLC now owns 16,485 shares of the basic materials company's stock worth $1,260,000 after acquiring an additional 6,624 shares during the period. Ground Swell Capital LLC acquired a new position in Bunge Global during the first quarter worth $258,000. Caitong International Asset Management Co. Ltd raised its position in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock worth $39,000 after acquiring an additional 341 shares during the period. Finally, National Pension Service raised its position in shares of Bunge Global by 0.4% in the first quarter. National Pension Service now owns 57,479 shares of the basic materials company's stock valued at $4,393,000 after buying an additional 225 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $79.8210 on Wednesday. The firm's fifty day simple moving average is $79.59 and its 200-day simple moving average is $76.95. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 4.97 and a beta of 0.67. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $101.81. 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 (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating 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 net margin of 2.71% and a return on equity of 9.16%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BG shares. 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 report on Thursday, May 8th. 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 research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.40.

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.

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