Yaupon Capital Management LP Invests $19.92 Million in Bunge Global SA $BG

Key Points

• Yaupon Capital Management LP has acquired a $19.92 million stake in Bunge Global SA, purchasing 260,670 shares, which represents about 0.19% ownership of the company.
• Institutional investors, including Dimensional Fund Advisors and Invesco, have also increased their holdings in Bunge Global, reflecting a continued interest in the stock with 86.23% of it owned by such investors.
• Bunge Global reported a quarterly earnings per share of $1.31, surpassing analysts' estimates, while total revenue was approximately $12.77 billion, slightly lower than the previous year.

Yaupon Capital Management LP acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 260,670 shares of the basic materials company's stock, valued at approximately $19,920,000. Yaupon Capital Management LP owned about 0.19% of Bunge Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. UMB Bank n.a. raised its position 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 purchasing an additional 261 shares during the period. Manchester Capital Management LLC increased its position in shares of Bunge Global by 588.5% during the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after purchasing an additional 359 shares during the last quarter. Riverview Trust Co increased its position in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after purchasing an additional 255 shares during the last quarter. SVB Wealth LLC purchased a new stake in Bunge Global in the 1st quarter valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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 buying an additional 341 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG stock traded down $0.39 during trading hours on Thursday, hitting $81.95. The stock had a trading volume of 1,068,327 shares, compared to its average volume of 1,990,024. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market capitalization of $16.39 billion, a PE ratio of 8.19, a PEG ratio of 6.15 and a beta of 0.67. The stock's 50 day moving average is $80.17 and its 200 day moving average is $78.42. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $100.48.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher Mahoney purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the transaction, the director directly owned 7,164 shares of the company's stock, valued at approximately $585,513.72. The trade was a 231.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on BG shares. Morgan Stanley increased their target price on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price objective for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bunge Global currently has an average rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Company 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.