Assenagon Asset Management S.A. Has $3.89 Million Position in Bunge Global SA $BG

Assenagon Asset Management S.A. boosted its position in Bunge Global SA (NYSE:BG) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,434 shares of the basic materials company’s stock after buying an additional 2,409 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Bunge Global were worth $3,888,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BG. Mackenzie Financial Corp raised its holdings in shares of Bunge Global by 14.0% in the fourth quarter. Mackenzie Financial Corp now owns 39,056 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 4,787 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in Bunge Global by 43.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 20,143 shares of the basic materials company’s stock valued at $1,566,000 after buying an additional 6,106 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bunge Global in the 4th quarter valued at $12,393,000. Menard Financial Group LLC bought a new stake in Bunge Global during the 4th quarter worth about $47,000. Finally, Siemens Fonds Invest GmbH acquired a new position in shares of Bunge Global during the 4th quarter worth about $1,596,000. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley lifted their target price on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. initiated coverage on Bunge Global in a research report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Bunge Global Trading Up 0.8%

Bunge Global stock opened at $79.09 on Thursday. The stock has a 50-day simple moving average of $80.97 and a 200 day simple moving average of $78.83. The stock has a market capitalization of $15.82 billion, a P/E ratio of 7.90, a PEG ratio of 5.86 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 52 week low of $67.40 and a 52 week high of $99.39.

Bunge Global (NYSE:BG) last released 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 analysts’ expectations of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.