Public Employees Retirement System of Ohio Sells 1,479 Shares of Bunge Global SA $BG

Public Employees Retirement System of Ohio trimmed its holdings in Bunge Global SA (NYSE:BG) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,603 shares of the basic materials company’s stock after selling 1,479 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Bunge Global were worth $3,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the period. Invesco Ltd. boosted its stake in Bunge Global by 3.8% in the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock worth $254,446,000 after purchasing an additional 122,931 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Bunge Global by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock worth $122,552,000 after purchasing an additional 101,586 shares during the period. AustralianSuper Pty Ltd bought a new position in shares of Bunge Global during the 1st quarter valued at approximately $92,552,000. Finally, AQR Capital Management LLC boosted its position in shares of Bunge Global by 80.5% during the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock valued at $76,077,000 after acquiring an additional 443,893 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on BG shares. JPMorgan Chase & Co. started coverage on Bunge Global in a research report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 target price for the company. Morgan Stanley increased 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the transaction, the director owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Bunge Global Stock Down 1.4%

Shares of BG opened at $81.25 on Wednesday. The company has a market cap of $16.25 billion, a PE ratio of 8.12, a P/E/G ratio of 6.15 and a beta of 0.67. The business has a fifty day moving average of $81.52 and a 200 day moving average of $79.05. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.39. 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 issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping 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%.Bunge Global’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current 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.