HighTower Advisors LLC Decreases Stock Holdings in Bunge Global SA $BG

Key Points

• HighTower Advisors LLC decreased its stake in Bunge Global SA by 13.4%, selling 3,933 shares, bringing its total holdings to 25,382 shares, valued at approximately $1.94 million.
• Bunge Global's stock recently increased by 4.4%, trading at around $87.06, while the company reported a net margin of 2.71% and earnings of $1.31 per share, exceeding expectations.
• The company announced a dividend of $0.70 per share, with a dividend yield of 342.0%, scheduled for distribution on September 2nd.

HighTower Advisors LLC cut its position in Bunge Global SA (NYSE:BG - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,382 shares of the basic materials company's stock after selling 3,933 shares during the quarter. HighTower Advisors LLC's holdings in Bunge Global were worth $1,940,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BG. UMB Bank n.a. boosted its stake in Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 261 shares during the period. Manchester Capital Management LLC lifted its position in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after buying an additional 359 shares during the last quarter. Riverview Trust Co lifted its position in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after buying an additional 255 shares during the last quarter. NBC Securities Inc. acquired a new position in Bunge Global in the 1st quarter worth about $42,000. Finally, Spire Wealth Management increased its holdings in Bunge Global by 66.5% in the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after purchasing an additional 222 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Down 0.4%

Shares of BG stock traded down $0.35 during trading hours on Friday, reaching $84.28. The company had a trading volume of 1,424,764 shares, compared to its average volume of 2,022,343. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $101.81. 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 business has a fifty day simple moving average of $79.93 and a 200-day simple moving average of $77.68. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 6.32 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The company 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% on a year-over-year basis. During the same quarter last year, the company earned $1.73 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BG. JPMorgan Chase & Co. began coverage on Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target for the company. Stephens decreased 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. Finally, Morgan Stanley increased their price target on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was bought 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 $585,513.72. The trade was a 231.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company's stock.

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.