UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $98.35 Million Holdings in Bunge Global SA $BG

Key Points

• UBS AM reduced its stake in Bunge Global SA by 8.6%, selling 120,689 shares during the 1st quarter, and now owns approximately 0.96% of the company, worth $98.35 million.
• Several institutional investors, including Optimize Financial Inc and Punch & Associates Investment Management, significantly increased their holdings in Bunge Global, with Punch & Associates raising its stake by 87.3%.
• Bunge Global reported a quarterly EPS of $1.31, exceeding estimates, but its revenue dropped by 3.6% year-over-year, revealing a mixed performance amidst adjusting market conditions.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286,936 shares of the basic materials company's stock after selling 120,689 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.96% of Bunge Global worth $98,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC raised its holdings in shares of 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 during the period. UMB Bank n.a. increased its stake in Bunge Global by 163.1% in the 1st 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 last quarter. Riverview Trust Co increased its stake in Bunge Global by 130.8% in the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after buying an additional 255 shares during the last quarter. SVB Wealth LLC acquired a new stake in Bunge Global in the 1st quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock valued at $39,000 after buying an additional 341 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction that occurred on 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 purchase, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BG shares. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target on the stock. Morgan Stanley lifted their price target on shares of 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 issued a Hold rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $0.50 during trading on Thursday, hitting $79.91. 1,625,668 shares of the stock were exchanged, compared to its average volume of 1,942,775. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 6.00 and a beta of 0.67. The company has a fifty day moving average price of $80.67 and a 200-day moving average price of $78.69. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $100.48. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS 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 business had revenue of $12.77 billion for the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the prior year, the business earned $1.73 EPS. 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. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.