Hsbc Holdings PLC Has $8.63 Million Stock Holdings in Bunge Global SA $BG

Key Points

• Hsbc Holdings PLC reduced its stake in Bunge Global SA by 40.7%, now holding 113,014 shares valued at approximately $8.63 million.
• Recently, Bunge Global announced a $0.70 dividend, with a payout ratio of 27.97%, set to be paid on September 2nd.
• Analysts have mixed ratings for Bunge Global, with a consensus rating of "Moderate Buy" and an average price target of $85.33.

Hsbc Holdings PLC lowered its holdings in Bunge Global SA (NYSE:BG - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,014 shares of the basic materials company's stock after selling 77,709 shares during the period. Hsbc Holdings PLC owned about 0.08% of Bunge Global worth $8,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 359 shares in the last quarter. UMB Bank n.a. grew its position in Bunge Global by 163.1% in the first 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 in the last quarter. Riverview Trust Co grew its position in Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 255 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Bunge Global by 197.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 341 shares in the last quarter. Finally, Spire Wealth Management grew its position in Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.35 during mid-day trading on Friday, reaching $84.28. 1,424,764 shares of the company were exchanged, compared to its average volume of 2,022,343. The company's 50-day simple moving average is $79.93 and its 200-day simple moving average is $77.74. 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 stock has a market capitalization of $16.86 billion, a P/E ratio of 8.42, a P/E/G ratio of 6.29 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $101.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens cut their price target on shares of 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. assumed coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.33.

Insider Activity

In related news, Director Christopher Mahoney bought 5,000 shares of the business's 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 purchase, the director owned 7,164 shares in the company, valued at $585,513.72. This represents a 231.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company's stock.

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.