Bunge Global SA $BG Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 118.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,472 shares of the basic materials company’s stock after buying an additional 41,949 shares during the quarter. Acadian Asset Management LLC owned 0.06% of Bunge Global worth $5,917,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC grew its stake in 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 buying an additional 359 shares during the period. UMB Bank n.a. grew its stake in Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock worth $32,000 after buying an additional 261 shares during the period. Riverview Trust Co grew its stake in Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock worth $34,000 after buying an additional 255 shares during the period. SVB Wealth LLC purchased a new stake in Bunge Global during the first quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after buying an additional 341 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BG has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price objective for the company. Morgan Stanley upped their target price 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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $85.33.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Bunge Global Price Performance

Shares of BG stock opened at $81.68 on Friday. The company has a market capitalization of $16.34 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 6.12 and a beta of 0.67. The firm has a fifty day simple moving average of $80.24 and a 200-day simple moving average of $78.50. 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 SA has a twelve month low of $67.40 and a twelve month high of $100.48.

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

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.