Evergreen Capital Management LLC Has $4.13 Million Holdings in Bunge Global SA $BG

Key Points

• Evergreen Capital Management LLC increased its ownership in Bunge Global SA by 63% in the first quarter, acquiring a total of 54,003 shares valued at approximately $4.1 million.
• Several other institutional investors also modified their stakes in Bunge Global, with 86.23% of the company's stock now held by institutional investors.
• Analysts have mixed views on the stock, with price targets ranging from $74 to $95, and the current average rating of Bunge Global at "Moderate Buy."

Evergreen Capital Management LLC boosted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 63.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,003 shares of the basic materials company's stock after purchasing an additional 20,877 shares during the quarter. Evergreen Capital Management LLC's holdings in Bunge Global were worth $4,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State of Wyoming boosted its holdings in shares of Bunge Global by 15.7% during the first quarter. State of Wyoming now owns 5,189 shares of the basic materials company's stock valued at $397,000 after acquiring an additional 705 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Bunge Global by 33.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 23,573 shares of the basic materials company's stock valued at $1,801,000 after purchasing an additional 5,928 shares during the period. Ieq Capital LLC acquired a new position in Bunge Global during the 1st quarter valued at about $1,535,000. Gabelli Funds LLC boosted its position in shares of Bunge Global by 11.1% during the first quarter. Gabelli Funds LLC now owns 13,000 shares of the basic materials company's stock worth $993,000 after buying an additional 1,300 shares during the period. Finally, Aristides Capital LLC acquired a new position in shares of Bunge Global during the first quarter worth approximately $292,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Stephens reduced their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley upped their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Insiders Place Their Bets

In related news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at $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 SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

Bunge Global Trading Down 0.2%

Shares of NYSE BG traded down $0.18 during mid-day trading on Wednesday, hitting $81.24. 1,945,380 shares of the company traded hands, compared to its average volume of 1,851,969. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.51. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 6.29 and a beta of 0.67. The business has a 50 day moving average of $79.89 and a two-hundred day moving average of $77.91.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $12.77 billion during 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 business's quarterly 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. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.