Bunge Global (NYSE:BG) Director Christopher Mahoney Buys 5,000 Shares

Bunge Global SA (NYSE:BG) Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bunge Global Stock Up 3.1%

BG stock opened at $82.3210 on Thursday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $101.81. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $16.47 billion, a P/E ratio of 8.22, a PEG ratio of 4.93 and a beta of 0.67. The firm has a 50 day simple moving average of $79.72 and a 200-day simple moving average of $76.99.

Bunge Global (NYSE:BG) last released its quarterly 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. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter last year, the company earned $1.73 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a dividend yield of 342.0%. Bunge Global’s dividend payout ratio (DPR) is presently 27.97%.

Hedge Funds Weigh In On Bunge Global

A number of hedge funds have recently added to or reduced their stakes in BG. Marex Group plc acquired a new position in shares of Bunge Global during the second quarter valued at $427,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the second quarter valued at $31,000. Evergreen Capital Management LLC boosted its holdings in shares of Bunge Global by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 55,142 shares of the basic materials company’s stock valued at $4,427,000 after acquiring an additional 1,139 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Bunge Global by 971.5% during the second quarter. Tower Research Capital LLC TRC now owns 22,672 shares of the basic materials company’s stock valued at $1,820,000 after acquiring an additional 20,556 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of Bunge Global during the second quarter valued at $32,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research report on Wednesday. They set an “overweight” rating and a $95.00 price target for the company. Stephens decreased their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley lifted their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $85.33.

Bunge Global Company 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.