Quantbot Technologies LP Boosts Stock Position in Bunge Global SA $BG

Key Points

• Quantbot Technologies LP increased its stock position in Bunge Global SA by 16.9%, owning 90,693 shares worth approximately $6.93 million.
• Several institutional investors have also enhanced their stakes in Bunge Global, including Dimensional Fund Advisors, which raised its investment by 34.6% during the first quarter.
• Bunge Global announced a dividend of $0.70, which reflects a yield of 342.0% and will be paid to investors of record on September 2nd.

Quantbot Technologies LP grew its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,693 shares of the basic materials company's stock after acquiring an additional 13,133 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Bunge Global worth $6,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BG. Raymond James Financial Inc. bought a new position in shares of Bunge Global during the fourth quarter valued at $1,994,000. Townsquare Capital LLC bought a new position in shares of Bunge Global during the fourth quarter valued at $204,000. First Trust Advisors LP increased its holdings in shares of Bunge Global by 24.5% during the fourth quarter. First Trust Advisors LP now owns 502,870 shares of the basic materials company's stock valued at $39,103,000 after acquiring an additional 98,819 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after acquiring an additional 183,701 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Bunge Global by 12.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 78,318 shares of the basic materials company's stock valued at $6,090,000 after acquiring an additional 8,691 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. began coverage on Bunge Global in a report on Wednesday. They set an "overweight" rating and a $95.00 price target for the company. Morgan Stanley increased their price objective on 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 dropped their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

Shares of Bunge Global stock traded up $3.6640 during trading on Friday, hitting $87.0640. 3,252,923 shares of the company's stock traded hands, compared to its average volume of 2,176,722. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. The stock has a market capitalization of $17.42 billion, a P/E ratio of 8.70, a PEG ratio of 5.82 and a beta of 0.67. The business has a 50-day simple moving average of $79.97 and a 200-day simple moving average of $77.24.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.19 by $0.12. The company had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global's dividend payout ratio (DPR) is presently 27.97%.

Insider Transactions at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, the director owned 7,164 shares of the company's stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company's stock.

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.