Bunge Global SA $BG Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its position in Bunge Global SA by 18.7%, selling 20,320 shares to hold a total of 88,334 shares valued at approximately $6.75 million.
• Bunge Global reported $12.77 billion in quarterly revenue, exceeding estimates, and posted an EPS of $1.31, beating consensus forecasts of $1.19.
• Currently, 86.23% of Bunge Global's stock is owned by institutional investors, with various firms increasing their stakes during the last quarter.

Trexquant Investment LP cut its stake in Bunge Global SA (NYSE:BG - Free Report) by 18.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,334 shares of the basic materials company's stock after selling 20,320 shares during the quarter. Trexquant Investment LP owned 0.07% of Bunge Global worth $6,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in BG. SBI Securities Co. Ltd. raised its stake in 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 valued at $95,000 after purchasing an additional 135 shares in the last quarter. Allworth Financial LP increased its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 146 shares during the last quarter. Public Sector Pension Investment Board increased its position in 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 valued at $1,321,000 after acquiring an additional 149 shares during the last quarter. Moors & Cabot Inc. increased its position in Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company's stock valued at $588,000 after acquiring an additional 158 shares during the last quarter. Finally, DoubleLine ETF Adviser LP increased its position in Bunge Global by 2.4% during the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after acquiring an additional 183 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BG shares. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 price objective on the stock. Stephens cut their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their price target 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Bunge Global Price Performance

NYSE:BG traded down $0.02 during trading hours on Thursday, hitting $81.21. 851,386 shares of the stock were exchanged, compared to its average volume of 1,849,406. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm's fifty day moving average price is $79.87 and its 200 day moving average price is $77.94. The company has a market cap of $16.25 billion, a P/E ratio of 8.11, a P/E/G ratio of 6.29 and a beta of 0.67. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $101.51.

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

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $81.73 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company's stock.

About Bunge Global

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.