Northern Trust Corp Cuts Stock Holdings in Bunge Global SA $BG

Key Points

• Northern Trust Corp reduced its stake in Bunge Global SA by 2.0% during the first quarter, now holding approximately 1.73% of the company valued at $177.42 million.
• Several institutional investors increased their holdings in Bunge Global, with significant boosts from SBI Securities Co. Ltd. and Allworth Financial LP in the same period.
• Bunge Global recently declared a $0.70 dividend with a robust yield of 342.0%, to be paid on September 2nd for stockholders of record as of August 20th.

Northern Trust Corp lowered its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,321,699 shares of the basic materials company's stock after selling 46,700 shares during the quarter. Northern Trust Corp owned 1.73% of Bunge Global worth $177,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC bought a new position in Bunge Global during the first quarter valued at $9,180,000. GAMMA Investing LLC lifted its position in Bunge Global by 152.1% during the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after purchasing an additional 1,976 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in Bunge Global during the fourth quarter valued at $1,596,000. Nisa Investment Advisors LLC lifted its position in Bunge Global by 23.6% during the first quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock valued at $408,000 after purchasing an additional 1,021 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Bunge Global in the 1st quarter worth about $898,000. Institutional investors own 86.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Christopher Mahoney acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. This represents a 231.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BG. Stephens lowered their target price 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. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Bunge Global has an average rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Trading Down 0.2%

BG traded down $0.18 on Wednesday, reaching $84.75. 1,350,104 shares of the company traded hands, compared to its average volume of 2,238,428. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81. The firm has a fifty day simple moving average of $79.97 and a two-hundred day simple moving average of $77.47. The company has a market cap of $16.96 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 6.34 and a beta of 0.67. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last announced 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 net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter last year, the business posted $1.73 EPS. The firm's revenue for the quarter 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, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 19th. This represents a yield of 342.0%. Bunge Global's dividend payout ratio (DPR) is presently 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.