Bunge Global SA $BG Stake Boosted by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Bunge Global SA (NYSE:BG) by 77.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,413 shares of the basic materials company’s stock after acquiring an additional 1,050 shares during the period. Signaturefd LLC’s holdings in Bunge Global were worth $194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP grew 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 acquiring an additional 859,733 shares in the last quarter. Invesco Ltd. grew 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 acquiring an additional 122,931 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 101,586 shares in the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Bunge Global during the 1st quarter valued at $92,552,000. Finally, AQR Capital Management LLC grew its holdings 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 in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a report on Wednesday, August 20th. They set an “overweight” rating and a $95.00 price target on the stock. Morgan Stanley lifted their price objective 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $85.33.

Bunge Global Stock Up 0.7%

Bunge Global stock opened at $83.03 on Friday. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $99.39. The firm has a fifty day moving average price of $81.73 and a two-hundred day moving average price of $79.13.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Christopher Mahoney bought 5,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.