Bunge Global SA $BG Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Bunge Global SA by 116.6%, owning 99,772 shares valued at approximately $7.63 million at the end of the first quarter.
• Several hedge funds have made substantial investments in Bunge Global, with AustralianSuper Pty Ltd purchasing a new position valued at about $92.55 million during the same period.
• Bunge Global recently announced a dividend of $0.70 per share to be paid on September 2nd, with an impressive dividend yield of 342.0%.

Jump Financial LLC grew its stake in Bunge Global SA (NYSE:BG - Free Report) by 116.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,772 shares of the basic materials company's stock after buying an additional 53,719 shares during the quarter. Jump Financial LLC owned 0.07% of Bunge Global worth $7,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BG. Raymond James Financial Inc. acquired a new position in shares of Bunge Global in the 4th quarter valued at about $1,994,000. Stifel Financial Corp lifted its holdings in shares of Bunge Global by 9.3% in the 4th quarter. Stifel Financial Corp now owns 43,055 shares of the basic materials company's stock valued at $3,348,000 after buying an additional 3,677 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Bunge Global by 158.7% in the 4th quarter. Hsbc Holdings PLC now owns 190,723 shares of the basic materials company's stock valued at $14,711,000 after buying an additional 117,011 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Bunge Global by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 204,033 shares of the basic materials company's stock valued at $15,867,000 after buying an additional 3,582 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Bunge Global in the 4th quarter valued at about $14,077,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BG shares. JPMorgan Chase & Co. initiated 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. Morgan Stanley upped their price target on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Finally, Stephens reduced their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Bunge Global has an average rating of "Moderate Buy" and an average target price of $85.33.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Bunge Global Price Performance

NYSE:BG traded down $0.03 during trading hours on Thursday, hitting $84.64. 1,373,780 shares of the stock were exchanged, compared to its average volume of 1,846,387. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $101.81. The firm's fifty day moving average price is $79.97 and its 200 day moving average price is $77.47. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The company has a market cap of $16.93 billion, a P/E ratio of 8.46, a P/E/G ratio of 6.34 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. The company had revenue of $12.77 billion during 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 business earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.