Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.64 Million Stake in Bunge Global SA $BG

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund sold 14,500 shares of Bunge Global SA, reducing its holdings by 40.3%, leaving it with 21,454 shares valued at approximately $1.64 million.
• Bunge Global reported a quarterly EPS of $1.31, exceeding the consensus estimate by $0.12, despite a 3.6% decline in revenue compared to the same quarter last year.
• The company declared a dividend of $0.70 per share, with a pay date of September 2nd, indicating a dividend yield of 342.0%.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Bunge Global SA (NYSE:BG - Free Report) by 40.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,454 shares of the basic materials company's stock after selling 14,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Bunge Global were worth $1,640,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its position in shares of 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 acquiring an additional 341 shares during the last quarter. National Pension Service lifted its holdings in shares of 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 purchasing an additional 225 shares during the period. Prudential PLC acquired a new stake in shares of Bunge Global during the first quarter worth $446,000. Public Sector Pension Investment Board lifted its holdings in Bunge Global by 0.9% in the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock valued at $1,321,000 after acquiring an additional 149 shares during the period. Finally, Nuveen LLC acquired a new stake in Bunge Global in the first quarter valued at $40,963,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Trading Up 4.0%

Shares of NYSE BG traded up $3.3090 during mid-day trading on Friday, hitting $86.7090. 1,960,159 shares of the company traded hands, compared to its average volume of 1,837,582. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 5.09 and a beta of 0.67. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. 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 business has a 50 day moving average of $79.85 and a two-hundred day moving average of $77.05.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. The firm 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%.Bunge Global's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous 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 Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be given 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 payout ratio is presently 27.97%.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

BG has been the subject of several research reports. Stephens cut their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on Bunge Global in a report on Wednesday. They issued an "overweight" rating and a $95.00 price target for the company. Finally, Morgan Stanley boosted their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.33.

About Bunge Global

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.