LPL Financial LLC Reduces Position in Bunge Global SA $BG

Key Points

• LPL Financial LLC reduced its stake in Bunge Global SA by 8.3%, holding 42,983 shares valued at approximately $3.29 million.
• Notable institutional investors, including Dimensional Fund Advisors and Deutsche Bank AG, increased their stakes significantly in Bunge Global during the fourth quarter.
• Bunge Global's recent earnings report showed a profit of $1.31 per share, exceeding estimates, and the company declared a $0.70 dividend to be paid on September 2nd.

LPL Financial LLC reduced its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,983 shares of the basic materials company's stock after selling 3,899 shares during the period. LPL Financial LLC's holdings in Bunge Global were worth $3,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Bunge Global by 163.1% during the first 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 lifted its position in Bunge Global by 130.8% during the first 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. NBC Securities Inc. acquired a new position in Bunge Global during the first quarter valued at $42,000. Spire Wealth Management lifted its position in Bunge Global by 66.5% during the first 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. Finally, Menard Financial Group LLC acquired a new position in Bunge Global during the fourth quarter valued at $47,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BG. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research report on Wednesday. They set an "overweight" rating and a $95.00 target price for the company. Morgan Stanley boosted their target price 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. Finally, Stephens cut their price objective on shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Price Performance

Shares of BG stock traded up $2.4240 on Wednesday, reaching $82.2940. 862,010 shares of the company were exchanged, compared to its average volume of 1,826,513. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 4.97 and a beta of 0.67. The business has a 50-day moving average price of $79.59 and a 200 day moving average price of $76.95. 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.

Bunge Global (NYSE:BG - Get Free Report) last released its 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. The business had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders 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%.

Bunge Global 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.