Bunge Global SA $BG Stock Position Lowered by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd acquired a new position in Bunge Global during the 1st quarter valued at approximately $92,552,000. Voloridge Investment Management LLC boosted its position in Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after purchasing an additional 991,607 shares during the period. Dimensional Fund Advisors LP boosted its position in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after purchasing an additional 859,733 shares during the period. Man Group plc acquired a new position in Bunge Global during the 4th quarter valued at approximately $50,561,000. Finally, Nuveen LLC acquired a new position in Bunge Global during the 1st quarter valued at approximately $40,963,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Transactions at Bunge Global

In other 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 price of $81.73 per share, with a total value of $408,650.00. Following the purchase, the director owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company's stock.

Bunge Global Stock Performance

BG stock traded down $0.39 during trading on Thursday, reaching $81.95. 1,068,327 shares of the company's stock were exchanged, compared to its average volume of 1,859,969. 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 $100.48. The company's fifty day moving average price is $80.10 and its 200-day moving average price is $78.36. The firm has a market cap of $16.39 billion, a PE ratio of 8.19, a P/E/G ratio of 6.28 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (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 company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The firm'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, research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective 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. 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 objective for the company. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and an average price target of $85.33.

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.