Federation des caisses Desjardins du Quebec Sells 11,896 Shares of Bunge Global SA $BG

Federation des caisses Desjardins du Quebec decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,757 shares of the basic materials company's stock after selling 11,896 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Bunge Global were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. Baird Financial Group Inc. raised its stake in shares of Bunge Global by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 22,000 shares of the basic materials company's stock valued at $1,711,000 after purchasing an additional 1,018 shares during the period. Captrust Financial Advisors raised its stake in shares of Bunge Global by 19.0% in the 4th quarter. Captrust Financial Advisors now owns 4,899 shares of the basic materials company's stock valued at $381,000 after purchasing an additional 783 shares during the period. Cetera Investment Advisers raised its stake in shares of Bunge Global by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 16,437 shares of the basic materials company's stock valued at $1,278,000 after purchasing an additional 1,166 shares during the period. Deutsche Bank AG raised its stake in shares of Bunge Global by 33.7% in the 4th quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company's stock valued at $98,131,000 after purchasing an additional 317,902 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in shares of Bunge Global by 4.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 257,689 shares of the basic materials company's stock valued at $20,038,000 after acquiring an additional 11,841 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Activity

In other news, Director Christopher Mahoney acquired 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was bought 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 directly owned 7,164 shares in the company, valued at approximately $585,513.72. The trade was a 231.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BG has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Bunge Global in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price on the stock. Morgan Stanley lifted their target price on Bunge Global from $74.00 to $83.00 and gave the company 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Bunge Global Stock Performance

Bunge Global stock traded down $0.26 during midday trading on Friday, reaching $81.68. 1,200,962 shares of the company's stock were exchanged, compared to its average volume of 1,943,971. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $100.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 6.12 and a beta of 0.67. The stock's 50-day simple moving average is $80.24 and its 200 day simple moving average is $78.50.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. During the same quarter last year, the company posted $1.73 earnings per share. Bunge Global's quarterly revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.