Russell Investments Group Ltd. Has $4.83 Million Holdings in Bunge Global SA $BG

Key Points

• Russell Investments Group Ltd. reduced its holdings in Bunge Global SA by 27.2% during the first quarter, now owning 63,259 shares valued at approximately $4.83 million.
• Bunge Global is currently rated as a "Moderate Buy" with an average target price of $85.33, while recent earnings reported beat analysts' estimates of $1.19, coming in at $1.31 per share.
• The company recently announced a dividend of $0.70 per share, set to be paid on September 2nd, representing a significant dividend yield of 342.0%.

Russell Investments Group Ltd. lessened its stake in Bunge Global SA (NYSE:BG - Free Report) by 27.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,259 shares of the basic materials company's stock after selling 23,672 shares during the quarter. Russell Investments Group Ltd.'s holdings in Bunge Global were worth $4,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in shares of Bunge Global by 12.2% in the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock worth $95,000 after purchasing an additional 135 shares in the last quarter. Allworth Financial LP increased its position in shares of Bunge Global by 18.4% in the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 146 shares during the last quarter. Public Sector Pension Investment Board increased its position 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 acquiring an additional 149 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock worth $588,000 after acquiring an additional 158 shares in the last quarter. Finally, DoubleLine ETF Adviser LP boosted its position in Bunge Global by 2.4% during 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 during the last quarter. Institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stephens lowered their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. began coverage on shares of Bunge Global in a report on Wednesday. They set an "overweight" rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.33.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

Bunge Global Stock Performance

NYSE BG traded up $3.6640 on Friday, hitting $87.0640. 3,252,923 shares of the stock were exchanged, compared to its average volume of 2,067,751. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The business's fifty day moving average is $79.97 and its 200 day moving average is $77.18. 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 $17.42 billion, a PE ratio of 8.70, a P/E/G ratio of 5.38 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. The company had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

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