MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Bunge Global SA $BG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bunge Global SA by 181.3% during the first quarter, owning approximately $7.69 million in stock after purchasing an additional 64,869 shares.
• Major hedge funds have been active in trading Bunge Global, with Janus Henderson Group PLC dramatically increasing its stake by 459.9% in the fourth quarter, now holding $11.14 million worth of shares.
• Bunge Global's stock has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $85.33, reflecting varying outlooks on the company's performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 181.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,647 shares of the basic materials company's stock after buying an additional 64,869 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Bunge Global worth $7,691,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of Bunge Global by 12.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock worth $95,000 after purchasing an additional 135 shares during the period. Allworth Financial LP increased its stake in shares of Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock worth $76,000 after purchasing an additional 146 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company's stock worth $1,321,000 after purchasing an additional 149 shares during the period. Moors & Cabot Inc. increased its stake in shares of Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock worth $588,000 after purchasing an additional 158 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Bunge Global by 24.9% during the first quarter. Cullen Frost Bankers Inc. now owns 999 shares of the basic materials company's stock worth $76,000 after purchasing an additional 199 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of BG traded down $0.26 during trading hours on Friday, reaching $81.68. The stock had a trading volume of 1,200,962 shares, compared to its average volume of 1,943,971. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $100.48. The stock has a market capitalization of $16.34 billion, a PE ratio of 8.16, a PEG ratio of 6.12 and a beta of 0.67. 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 50-day moving average is $80.24 and its two-hundred day moving average is $78.47.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating 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 business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the business posted $1.73 earnings per share. Bunge Global'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. Research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BG. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price on the stock. 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

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.