Korea Investment CORP Buys 25,400 Shares of Bunge Global SA $BG

Key Points

• Korea Investment CORP increased its stake in Bunge Global SA by 23.8% in Q1, holding 132,108 shares valued at approximately $10.1 million.
• Analysts have a consensus rating of "Moderate Buy" for Bunge Global, with an average price target of $85.33, following various upgrades from firms including JPMorgan Chase and Morgan Stanley.
• Bunge Global recently announced a dividend of $0.70 per share, set to be paid on September 2nd, reflecting a significant dividend yield of 342.0%.

Korea Investment CORP lifted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 23.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,108 shares of the basic materials company's stock after acquiring an additional 25,400 shares during the quarter. Korea Investment CORP owned approximately 0.10% of Bunge Global worth $10,096,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in Bunge Global by 588.5% in the 1st 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 during the period. 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. Riverview Trust Co boosted its stake in Bunge Global by 130.8% in the 1st 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 during the period. Caitong International Asset Management Co. Ltd boosted its stake in Bunge Global by 197.1% in the 1st 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 during the period. Finally, Spire Wealth Management boosted its stake in Bunge Global by 66.5% in the 1st 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 during the period. 86.23% of the stock is currently owned by institutional investors.

Insider Transactions at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, with a total value 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 ownership of the stock. The transaction 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 insiders.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $3.6640 during trading on Friday, reaching $87.0640. 3,252,923 shares of the company's stock were exchanged, compared to its average volume of 2,176,722. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $101.81. The company has a market cap of $17.42 billion, a P/E ratio of 8.70, a PEG ratio of 5.82 and a beta of 0.67. The firm's 50-day moving average price is $79.97 and its 200 day moving average price is $77.24.

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

Bunge Global Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a $0.70 dividend. This represents a yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global's dividend payout ratio is presently 27.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley boosted 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. JPMorgan Chase & Co. began coverage on Bunge Global in a research note on Wednesday. They issued an "overweight" rating and a $95.00 price target for the company. Finally, Stephens dropped their price objective 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.33.

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.