Kovitz Investment Group Partners LLC Buys 6,624 Shares of Bunge Global SA $BG

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Bunge Global SA by 67.2%, acquiring 6,624 shares during the first quarter, bringing its total holdings to 16,485 shares valued at approximately $1.26 million.
• Multiple institutional investors significantly boosted their positions in Bunge Global, with Manchester Capital Management increasing its holdings by 588.5%, resulting in a total of 420 shares valued at $32,000.
• Bunge Global recently posted earnings of $1.31 per share, exceeding analysts' expectations, and reported a quarterly revenue of $12.77 billion, despite a 3.6% decline year-over-year.

Kovitz Investment Group Partners LLC raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 67.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,485 shares of the basic materials company's stock after acquiring an additional 6,624 shares during the period. Kovitz Investment Group Partners LLC's holdings in Bunge Global were worth $1,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC increased its holdings 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 acquiring an additional 359 shares during the last quarter. UMB Bank n.a. increased its holdings 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 acquiring an additional 261 shares during the last quarter. Riverview Trust Co increased its holdings 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 acquiring an additional 255 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 acquiring an additional 341 shares during the last quarter. Finally, Spire Wealth Management increased its holdings 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 acquiring an additional 222 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Bunge Global stock opened at $79.8210 on Wednesday. The company's 50-day moving average price is $79.59 and its 200-day moving average price is $76.95. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $101.81. 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 company has a market cap of $15.97 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 4.97 and a beta of 0.67.

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 for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the previous year, the firm posted $1.73 EPS. The business's quarterly 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. On average, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BG shares. 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 report on Tuesday, August 12th. Stephens reduced their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $83.40.

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.

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