Caisse DE Depot ET Placement DU Quebec Has $1.73 Million Stock Position in Bunge Global SA $BG

Key Points

• Caisse DE Depot ET Placement DU Quebec sold 56,562 shares of Bunge Global SA, reducing its stake by 71.5% in the first quarter, leaving it with 22,600 shares valued at approximately $1.73 million.
• Recent activity from various institutional investors includes Stifel Financial Corp increasing its stake by 9.3%, while Price T Rowe Associates and Northern Trust Corp also boosted their holdings in Bunge Global.
• Analysts have mixed ratings on Bunge Global's stock, with a consensus target price of $85.33 and three analysts rating it as "Buy" while three others suggest a "Hold" rating.

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 71.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,600 shares of the basic materials company's stock after selling 56,562 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Bunge Global were worth $1,727,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Kingsview Wealth Management LLC bought a new stake in Bunge Global during the 1st quarter worth approximately $9,180,000. GAMMA Investing LLC raised its stake in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock worth $250,000 after buying an additional 1,976 shares during the period. Old West Investment Management LLC raised its stake in Bunge Global by 31.2% during the 1st quarter. Old West Investment Management LLC now owns 163,191 shares of the basic materials company's stock worth $12,471,000 after buying an additional 38,777 shares during the period. Siemens Fonds Invest GmbH acquired a new stake in Bunge Global during the 4th quarter worth $1,596,000. Finally, Nisa Investment Advisors LLC increased its holdings in Bunge Global by 23.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock worth $408,000 after purchasing an additional 1,021 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

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 purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BG shares. JPMorgan Chase & Co. started coverage on Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective for the company. Stephens cut their price objective 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. Finally, Morgan Stanley raised their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Three 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 has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Trading Down 0.5%

BG traded down $0.38 during trading on Wednesday, reaching $81.04. 1,152,616 shares of the stock traded hands, compared to its average volume of 1,850,561. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $16.21 billion, a PE ratio of 8.08, a P/E/G ratio of 6.29 and a beta of 0.67. The stock's 50-day moving average is $79.89 and its 200 day moving average is $77.91. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $101.51.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly 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 business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

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.