Bunge Global SA $BG Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Bunge Global SA by 34.6% during the first quarter, owning approximately 2.49% of the company with a value of $255.76 million.
• Bunge Global recently reported a quarterly EPS of $1.31, exceeding expectations, although its revenue fell by 3.6% compared to the same period last year.
• The company announced a dividend of $0.70 per share, with an ex-dividend date of August 19th, representing a dividend yield of 342.0%.

Dimensional Fund Advisors LP grew its stake in Bunge Global SA (NYSE:BG - Free Report) by 34.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,346,709 shares of the basic materials company's stock after buying an additional 859,733 shares during the quarter. Dimensional Fund Advisors LP owned 2.49% of Bunge Global worth $255,756,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kovitz Investment Group Partners LLC boosted its stake in shares of Bunge Global by 67.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 16,485 shares of the basic materials company's stock valued at $1,260,000 after buying an additional 6,624 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Bunge Global during the 1st quarter worth about $258,000. Caitong International Asset Management Co. Ltd increased 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 buying an additional 341 shares during the period. National Pension Service increased its position in Bunge Global by 0.4% during the first quarter. National Pension Service now owns 57,479 shares of the basic materials company's stock worth $4,393,000 after buying an additional 225 shares during the period. Finally, Prudential PLC acquired a new position in Bunge Global during the first quarter worth approximately $446,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares of the company's stock, valued at approximately $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley lifted 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 cut 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. Finally, JPMorgan Chase & Co. began coverage on Bunge Global in a research report on Wednesday. They set an "overweight" rating and a $95.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $3.6640 during trading on Friday, reaching $87.0640. The company had a trading volume of 3,252,923 shares, compared to its average volume of 2,067,751. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 5.38 and a beta of 0.67. 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 stock's fifty day moving average price is $79.97 and its 200 day moving average price is $77.18. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (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 analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

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