Yaupon Capital Management LP Makes New Investment 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 purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 260,670 shares of the basic materials company's stock, valued at approximately $19,920,000. Yaupon Capital Management LP owned approximately 0.19% of Bunge Global as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BG. Dimensional Fund Advisors LP boosted its holdings in shares of Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock valued at $255,756,000 after buying an additional 859,733 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Bunge Global by 3.8% during the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company's stock valued at $254,446,000 after buying an additional 122,931 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bunge Global by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company's stock valued at $122,552,000 after buying an additional 101,586 shares in the last quarter. Deutsche Bank AG raised its position in shares of Bunge Global by 33.7% in the 4th quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company's stock worth $98,131,000 after purchasing an additional 317,902 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after purchasing an additional 991,607 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

BG has been the subject of several recent analyst reports. JPMorgan Chase & Co. began coverage on Bunge Global in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 price target for the company. Morgan Stanley boosted their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.26 during midday trading on Friday, hitting $81.68. 1,200,962 shares of the company's stock traded hands, compared to its average volume of 1,943,971. The firm has a fifty day moving average of $80.24 and a 200 day moving average of $78.50. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 6.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $100.48.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate 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 was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Activity

In related news, Director Christopher Mahoney acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost 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 $585,513.72. The trade was a 231.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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.