Intech Investment Management LLC Has $3.29 Million Stake in Bunge Global SA $BG

Key Points

• Intech Investment Management LLC sold 141,439 shares of Bunge Global SA, reducing its holdings by 76.7% to 43,021 shares, valued at approximately $3.29 million.
• Other institutional investors, such as UMB Bank n.a., Manchester Capital Management LLC, and Caitong International Asset Management, significantly increased their positions in Bunge Global during the first quarter.
• Bunge Global reported a net margin of 2.71% and earnings per share (EPS) of $1.31, exceeding expectations, although quarterly revenue decreased by 3.6% year-over-year.

Intech Investment Management LLC lessened its stake in Bunge Global SA (NYSE:BG - Free Report) by 76.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,021 shares of the basic materials company's stock after selling 141,439 shares during the quarter. Intech Investment Management LLC's holdings in Bunge Global were worth $3,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BG. Kingsview Wealth Management LLC acquired a new position in Bunge Global during the 1st quarter worth $9,180,000. GAMMA Investing LLC lifted its position in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock worth $250,000 after acquiring an additional 1,976 shares during the period. Old West Investment Management LLC lifted its position in Bunge Global by 31.2% during the 1st quarter. Old West Investment Management LLC now owns 163,191 shares of the basic materials company's stock worth $12,471,000 after acquiring an additional 38,777 shares during the period. Siemens Fonds Invest GmbH purchased a new position in shares of Bunge Global during the 4th quarter worth approximately $1,596,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Bunge Global by 23.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock worth $408,000 after acquiring an additional 1,021 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.50 during midday trading on Thursday, hitting $79.91. 1,625,668 shares of the company's stock were exchanged, compared to its average volume of 1,942,775. 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 stock's 50 day moving average price is $80.67 and its 200-day moving average price is $78.69. The firm has a market cap of $15.99 billion, a P/E ratio of 7.98, a PEG ratio of 6.00 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48.

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

Insider Activity

In related news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction on 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 completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BG. Morgan Stanley increased their target price on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on shares of Bunge Global in a report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Three 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, Bunge Global currently has an average rating of "Moderate Buy" and an average target price of $85.33.

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.