MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.69 Million Stock Holdings 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. grew its position in Bunge Global SA (NYSE:BG - Free Report) by 181.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,647 shares of the basic materials company's stock after purchasing an additional 64,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Bunge Global worth $7,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC raised its holdings in Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares in the last quarter. UMB Bank n.a. raised its stake in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after buying an additional 261 shares during the period. Riverview Trust Co grew its position in shares of Bunge Global by 130.8% in 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 last quarter. SVB Wealth LLC acquired a new position in shares of Bunge Global in the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Bunge Global by 197.1% in the first 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 last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Up 4.2%

Bunge Global stock traded up $3.40 during trading hours on Tuesday, reaching $83.70. 2,429,814 shares of the company's stock were exchanged, compared to its average volume of 1,931,615. 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 firm's 50 day simple moving average is $80.51 and its 200 day simple moving average is $78.62. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48. The firm has a market capitalization of $16.75 billion, a PE ratio of 8.36, a PEG ratio of 5.99 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly 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 return on equity of 9.16% and a net margin of 2.71%.The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period last year, the business posted $1.73 EPS. The business's revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

BG has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price target on the stock. Morgan Stanley increased 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Bunge Global presently has an average rating of "Moderate Buy" and a consensus target price 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.