Bunge Global SA $BG Shares Bought 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 raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 116.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,772 shares of the basic materials company's stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BG. AustralianSuper Pty Ltd purchased a new stake in Bunge Global in the 1st quarter valued at approximately $92,552,000. Voloridge Investment Management LLC lifted its position in shares of Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after acquiring an additional 991,607 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after acquiring an additional 859,733 shares during the period. Man Group plc acquired a new stake in shares of Bunge Global during the 4th quarter valued at approximately $50,561,000. Finally, Nuveen LLC acquired a new stake in shares of Bunge Global during the 1st quarter valued at approximately $40,963,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insider Activity

In other news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the purchase, the director directly owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BG shares. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target for the company. Stephens reduced 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 report on Thursday, May 8th. Finally, Morgan Stanley lifted 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 report 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.33.

Bunge Global Price Performance

BG stock traded down $0.35 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 1 year low of $67.40 and a 1 year high of $101.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The company's fifty day moving average is $79.93 and its 200 day moving average is $77.74. The company has a market cap of $16.86 billion, a P/E ratio of 8.42, a PEG ratio of 6.29 and a beta of 0.67.

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, beating the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion for 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 prior year, the business earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

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.