American Century Companies Inc. Has $22.20 Million Stock Position in Bunge Global SA $BG

American Century Companies Inc. boosted its stake in shares of Bunge Global SA (NYSE:BG) by 20.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 290,540 shares of the basic materials company’s stock after buying an additional 48,578 shares during the period. American Century Companies Inc. owned approximately 0.22% of Bunge Global worth $22,203,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in Bunge Global during the 1st quarter worth approximately $9,180,000. GAMMA Investing LLC boosted its position in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 1,976 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in Bunge Global during the 4th quarter worth approximately $1,596,000. Nisa Investment Advisors LLC boosted its position in Bunge Global by 23.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 1,021 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in Bunge Global during the 1st quarter worth approximately $898,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was bought 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 directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Bunge Global Stock Up 4.4%

NYSE:BG opened at $87.0640 on Friday. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 5.38 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $101.81. The stock’s 50 day moving average price is $79.97 and its two-hundred day moving average price is $77.18. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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 firm had revenue of $12.77 billion for 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 business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a dividend 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%.

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.